XRP slipped into the red after failing to hold key resistance around $1.155, triggering a short-term bearish turn that mirrors weakness seen across Bitcoin and Ethereum.
Where price stands now
- XRP is trading below $1.135 and beneath the 100-hour Simple Moving Average, signaling short-term downside pressure (XRP/USD, Kraken).
- A bearish trend line on the hourly chart is capping gains near $1.120.
- The token has already fallen through the 50% Fibonacci retracement of the recent swing from the $1.050 low to the $1.1862 high, while bulls continue to defend the $1.10 area.
Upside path
- Immediate resistance sits at $1.120, with more meaningful hurdles at $1.135 and $1.142.
- A sustained move above $1.142 could re-open the route to $1.155, then $1.165 and the next major test near $1.184.
Downside risk
- If XRP fails to reclaim $1.135, downside momentum could intensify. Initial support is around $1.10, followed by $1.080 — roughly the 76.4% Fibonacci retracement of the recent rally.
- A break and close under $1.080 would likely expose $1.065, then the $1.050 zone and potentially $1.020; further losses could prompt a test of $1.00.
Technical snapshot
- Hourly MACD: bearish momentum is losing pace but remains tilted to the downside.
- Hourly RSI: below 50, indicating bearish bias.
- Key supports: $1.10, $1.08.
- Key resistances: $1.12, $1.135.
Bottom line
XRP’s short-term outlook is bearish unless price can reclaim $1.135 and break the hourly trend line near $1.120. Traders should watch those levels and the $1.10 support for clues on whether this correction will deepen toward $1.08 and lower or if buyers will step in to resume the rally.
Read more AI-generated news on: undefined/news
