XRP has initiated a tentative upward movement, climbing above the $1.3750 support area. Despite this initial rally, the cryptocurrency has struggled to sustain its momentum beyond the $1.3980 level. Currently, XRP is consolidating below the $1.40 level, with the 100-hour simple moving average acting as a dynamic resistance. The formation of a bearish trend line near $1.4100 suggests further resistance ahead, making a decisive move above this level crucial for a sustained bullish run.
The recent price action indicates that XRP was able to recover from recent lows of approximately $1.3120, aligning with broader bullish trends observed in Bitcoin and Ethereum . The rally pushed XRP above key Fibonacci retracement levels, notably the 50% retracement from the high at $1.4244 to the low at $1.3125. Nevertheless, bulls have encountered significant resistance near $1.3950 and have not yet established a firm hold above the 100-hour simple moving average. The next resistance is anticipated around $1.4050, with a confirmed close above this level potentially opening the door to gains toward $1.4120 and higher targets near $1.4250 and ultimately $1.45.
A failure to overcome the $1.40 resistance zone could trigger a correction. Immediate support levels are identified at $1.3650 and $1.3500. A sustained decline below $1.3500 could see XRP test lower supports at approximately $1.3320 and potentially as low as $1.3120, indicating a possible renewed bearish phase.
Technical indicators paint a cautiously optimistic picture. The hourly MACD is gaining bullish momentum, and the RSI indicator remains above the midline at 50, signaling increasing buying interest. Overall, XRP ’s near-term outlook hinges on its ability to clear key resistance levels and maintain above support thresholds, which will determine whether the current rally will extend or reverse.
