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XRP price started a steady increase above $1.3880 and is now consolidating its gains. The cryptocurrency is trading above $1.40 and the 100-hourly Simple Moving Average, with a bullish trend line forming on the hourly chart of the XRP/USD pair. Support is noted around $1.370 (data source: Kraken). Further upside is possible if XRP can hold above the $1.4150 zone.
The latest upward move began above $1.3550 and $1.3750, with XRP gaining momentum after breaking above the $1.3880 resistance. Buyers pushed the price toward the $1.40 area, forming a high at $1.4157. XRP is currently consolidating above the 23.6% Fib retracement level of the move from the $1.3510 swing low to the $1.4157 high.
With the price above $1.40 and the 100-hourly Simple Moving Average, the bullish structure remains intact as long as the trend line support near $1.370 holds. If XRP attempts another advance, resistance is expected near $1.4150. Additional resistance levels are listed at $1.4220, followed by $1.440, $1.450, $1.4650, and $1.4840.
If XRP fails to clear the $1.4150 resistance zone, a pullback could begin. Initial downside support is near $1.40, followed by a key support area around $1.3840, which also aligns with the 50% Fib retracement level of the move from $1.3510 to $1.4157. A downside break and a close below $1.3840 could open the way for a decline toward $1.370 and the trend line.
Further support is identified near the $1.350 zone. Below that, the article notes potential movement toward $1.3250, with main support at $1.3120.
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