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XRP price failed to surpass $1.680 and started another decline. The price is now correcting gains and may struggle to stay above $1.450.
XRP began a downside correction and fell below $1.550. It is currently trading above $1.450 and the 100-hour Simple Moving Average. On the hourly chart for the XRP/USD pair, there was a break below a key bullish trend line with support at $1.4880.
Bulls are active above the $1.450 zone. The price is trading above $1.4620 and the 100-hour Simple Moving Average. If XRP starts a fresh upward move, it may face resistance near the $1.50 level.
The first major resistance is near $1.510. If the price moves above $1.510, it could rise to test $1.5450. A clear break above $1.5450 may push XRP toward $1.580, with further gains potentially targeting $1.620. The next major hurdle for bulls is around $1.640.
If XRP fails to clear the $1.510 resistance zone, it could start a fresh decline. Initial downside support is near $1.440, followed by major support around $1.4240, which also aligns with the 76.4% Fib retracement level of the upward move from the $1.3475 swing low to the $1.6713 high.
If there is a downside break and a close below $1.4240, the price may continue lower toward $1.40. The next major support is near the $1.360 zone, and a move below it could open the way for further weakness toward $1.340.
Hourly MACD: The MACD for XRP/USD is gaining pace in the bearish zone.
Hourly RSI: The RSI for XRP/USD is below the 50 level.
Major support levels: $1.440 and $1.4240.
Major resistance levels: $1.50 and $1.510.
Source: XRPUSD on TradingView.com
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