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XRP price started a downside correction from the $1.40 zone. The price is now consolidating and could attempt another increase if it holds above the $1.350 zone.
XRP began a downside correction after failing to break above the $1.40 zone. The token is currently trading above $1.350 and the 100-hourly Simple Moving Average. A bullish trend line is forming with support at $1.3490 on the hourly chart for the XRP/USD pair (data source: Kraken).
The pair could start a fresh upward move if it settles above $1.3780. On the way up, resistance is expected near $1.3680. The first major resistance is around $1.3780; if XRP clears it, the price could rise to test $1.3880. Further gains may target the $1.40 resistance area, with additional upside potential toward $1.4120. The next major hurdle for bulls is near $1.4250.
If XRP fails to clear the $1.3680 resistance zone, it could begin a fresh decline. Initial support on the downside is near $1.3550. The next major support is around $1.350, aligning with the trend line and the 61.8% Fib retracement level of the upward move from the $1.320 swing low to the $1.3964 high.
Should XRP break down and close below $1.350, it could extend losses toward $1.3380. The next major support sits near the $1.320 zone; below that, the price could move lower toward $1.30. Additional weakness may lead to a test of $1.2880.
Hourly MACD: The MACD for XRP/USD is gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index): The RSI for XRP/USD is below the 50 level.

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