XRP has entered a period of consolidation following its recent upward momentum. After failing to sustain levels above $1.37, the price pulled back slightly, but the broader structure remains intact. Traders are now watching closely whether XRP can hold key support zones that could pave the way for another leg higher.
Cooling Off After Rally, but Structure Remains Intact
In recent sessions, XRP managed to climb above the $1.3250 and $1.3280 levels, briefly outperforming both Bitcoin and Ethereum. The bullish momentum pushed the price up to a local high of $1.3741, where it encountered resistance and began to retreat.
The pullback dragged XRP below $1.3450 and $1.3420, trimming some of the recent gains. Despite this, the price continues to trade above $1.35 and the 100-hour simple moving average, suggesting that buyers still maintain a degree of control.
Short-Term Resistance Limits Upside
On the hourly chart, a descending trendline is forming, creating pressure around the $1.3650 level. This zone currently acts as the first key barrier for any upward move.
If XRP manages to break above this resistance, the next target lies near $1.3740. A clear move beyond this level could open the path toward $1.3880 and potentially the psychological $1.40 mark. Stronger bullish momentum could then push the price toward the $1.42–$1.45 range.
Downside Risk Still in Play
However, the possibility of further downside cannot be ruled out. If XRP fails to break through resistance, selling pressure could increase again.
Initial support sits near $1.3370, while the key level is around $1.3280, which also aligns with an important Fibonacci retracement zone. A break below this level could trigger a deeper pullback toward $1.3175 and then $1.3120.
In a more bearish scenario, the price could revisit $1.3050 or even the psychological $1.30 level.
Technical Indicators Show Mixed Signals
Indicators are not yet pointing to a clear direction. The hourly MACD is showing signs of gaining momentum in bullish territory, while the RSI remains above 50, indicating ongoing buying interest.
Overall, XRP is currently balanced between buyers and sellers. The coming sessions will likely determine whether the uptrend resumes or if a deeper correction takes hold.
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.