Headline: XRP slips under $1.13 as bears pressure price — here’s what traders should watch
XRP has turned red after failing to hold above the $1.1550 zone, joining Bitcoin and Ethereum in a broader pullback. The token dipped through $1.150 and $1.142 before settling below $1.135 and the 100‑hour Simple Moving Average on the hourly chart (Kraken data). A bearish trend line is now forming, with immediate resistance near $1.120.
Why it matters
- The move erased the 50% Fibonacci retracement of the recent rise from the $1.050 swing low to the $1.1862 high, signaling loss of short‑term upside momentum.
- Bulls are defending the $1.10 area, but failure to reclaim $1.135 could open the door to further weakness.
Key levels to watch
- Immediate resistance: $1.120 (trend‑line), then $1.135. Above $1.135, targets include $1.1420, $1.1550, $1.1650 and the next major hurdle near $1.1840.
- Immediate support: $1.10, then $1.08 (also the 76.4% Fib of the $1.050–$1.1862 move). A decisive break and close below $1.08 could push XRP toward $1.0650, $1.050 and potentially $1.02 — with $1.00 as a psychological test on extended losses.
Technical snapshot (hourly)
- MACD: Losing momentum in the bearish zone.
- RSI: Trading below 50, indicating bearish bias.
- Moving average: Price below the 100‑hour SMA.
Bottom line
XRP’s short‑term bias has flipped toward the downside unless buyers can reclaim and hold above $1.135. Traders should monitor the $1.10–$1.08 support area closely for signs of stabilization or a breakdown.
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