XRP's value drops as quiet bearish momentum gathers.

crypthub

about 11 hours ago

Current Price Action

XRP has slipped below the $1.3420 area, signalling a bearish correction. The pair remains just above $1.3150 and the 100‑hour simple moving average. A descending channel is visible on the hourly chart, with resistance near $1.3380. Further declines are likely if the price stays under $1.3420.

Resistance Landscape

Key resistance sits at $1.3380, followed by a stronger barrier around $1.3420. A breakout above $1.350 could push XRP toward $1.3580 and the trend line. Additional upward thrust may target $1.3650, with $1.3740 as the next major hurdle for bulls.

Downside Outlook

Failure to breach $1.3380 may trigger a fresh drop, with initial support at $1.3200. The next significant floor is $1.3150, aligning with the 50% Fibonacci retracement. A break below $1.3150 could expose $1.3120, then $1.3050, and potentially $1.2920.

Technical Indicators

The hourly MACD is accelerating in bearish territory, while the RSI has fallen below the 50 mark. These readings reinforce the prevailing downside bias. Traders should monitor the listed support and resistance zones for possible reversals.