XRP has staged a short-term recovery, climbing back above key intraday thresholds and now consolidating with upside potential if bulls can build on recent momentum.
What happened
- After finding support near $1.280, XRP began a recovery alongside Bitcoin and Ethereum, pushing above $1.3120, $1.3200 and $1.3220 (Kraken data).
- Price is trading above $1.3300 and the 100-hour Simple Moving Average, and the hourly chart shows a break above a bearish trend line that had resistance at $1.3085.
- XRP faces immediate resistance around $1.3480 and is consolidating below that level, but a decisive move higher could trigger a fresh leg up.
Upside roadmap
- Short-term resistance cluster: $1.3480 (also the 76.4% Fib of the drop from $1.3678 to $1.2801).
- A close above $1.350 could target $1.40, with further hurdles at $1.4120, $1.4250 and $1.4450 on continued strength.
Downside risks
- If XRP fails to clear $1.350, it could roll over. Initial support sits near $1.3240, then $1.320.
- A break and close below $1.320 would open the path to $1.3120, with major support around $1.280 and a deeper target near $1.2650 if selling intensifies.
Technical snapshot
- Hourly MACD: gaining pace in the bullish zone.
- Hourly RSI: above 50, signaling short-term bullish momentum.
- Key support levels: $1.3240, $1.3120.
- Key resistance levels: $1.3500, $1.4000.
Bottom line: XRP has regained some footing and looks poised to attempt a push above $1.350, but traders should watch the $1.324–$1.320 support area for signs of renewed weakness.
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