XRP has kicked off a modest recovery after finding support around $1.322, climbing back above the $1.335–$1.340 area and the 100-hour simple moving average on Kraken. The token is now consolidating just under a key resistance zone and could be gearing up for another leg higher if bulls can break through.
What happened
- XRP staged a rebound from the $1.3222 swing low and cleared $1.340, entering a short-term positive phase. The move reclaimed the 38.2% Fibonacci retracement of the fall from the $1.3963 high to $1.3222 low.
- Price action is now forming a bearish trend line on the hourly chart, with immediate resistance around $1.3550.
- The pair is trading above $1.3380 and the 100-hour SMA — a small bullish edge — but momentum indicators are mixed.
Key levels to watch
- Immediate resistance: $1.3550 (trend line). A decisive close above $1.360 would open the door to $1.3680 (61.8% Fib), followed by $1.380, $1.3880 and potentially $1.40.
- Immediate support: $1.3380 and $1.3220. A break and close below $1.3220 could push XRP toward $1.3120, with major support around $1.280 and a possible extension to $1.2650.
Technical read
- Hourly MACD: bullish but losing momentum.
- Hourly RSI: below 50, indicating limited buying strength despite the rebound.
Outlook
Bulls need to clear the $1.3550–$1.360 area to sustain the recovery and target higher Fibonacci levels. If XRP fails to overcome that resistance zone, sellers could reassert control and test the $1.3380–$1.3220 support band. Traders should watch intraday closes around those pivot points for confirmation of the next directional move.
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