XRP has kicked off a short-term recovery after finding support above $1.3450, but it’s currently consolidating and facing key hurdles that will determine whether the rally can continue.
Quick takeaway
- XRP climbed back above $1.3620 and moved into a positive zone, mirroring a broader bounce seen in Bitcoin and Ethereum.
- The pair is trading below $1.3850 and the 100-hour Simple Moving Average (hourly chart, Kraken data), with a bearish trend line creating resistance near $1.3760.
- A decisive move above $1.3830 would open the door for further gains; failure to clear that level could send XRP lower.
What happened
After holding the $1.3450 area, XRP rose past $1.3550 and $1.3620 and cleared the 23.6% Fibonacci retracement of the pullback from the $1.4060 swing high to the $1.3460 swing low. But upside momentum is running into sellers around $1.3750–$1.3830, and the hourly chart shows a bearish trend line capping advances at about $1.3760.
Bull case (what XRP needs to do)
- Clearing and sustaining above $1.3830 (near the 61.8% Fib level) — and ideally closing above $1.3920 — would likely target $1.40 and then the $1.4060-$1.4120 area.
- Extended gains could push toward the $1.420 resistance.
Bear case (if resistance holds)
- Failure to break $1.3830 could trigger another pullback. Initial downside support sits at $1.3620, then $1.3500.
- A break and close below $1.3500 would expose $1.3220 and then $1.3150, with the next psychological floor around $1.30.
Technical readouts
- Hourly MACD: turning bullish and gaining pace.
- Hourly RSI: above 50, signaling short-term upside bias but not overwhelmingly overbought.
Key levels to watch
- Major support: $1.3620, $1.3500
- Major resistance: $1.3830, $1.3920
Bottom line
XRP’s short-term outlook hinges on whether buyers can clear the $1.3830–$1.3920 zone. A convincing breakout would pave the way back toward $1.40 and higher; a rejection could return price action toward $1.35 and below. (Chart and price data via Kraken.)
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