XRP drops below $1.30, faces $1.3340 resistance, risks further losses
XRP slips below $1.30 and stalls. Recovery capped at $1.3240–$1.3340. Bears keep control.
The move lagged Bitcoin and Ethereum per NewsBTC’s BTC update and ETH note. XRP broke $1.3150 and $1.3050, hit $1.2801, then bounced to the 23.6% Fib from $1.3678 to $1.2801. It trades below $1.3120 and the 100‑hour SMA source.
A bearish trend line caps at $1.3340 on the hourly chart. First sell wall sits at $1.3240, the 50% Fib of the $1.3678–$1.2801 drop source.
A close above $1.3340 targets $1.350 and $1.3650. Then $1.380, $1.40, and $1.4120 come into view source.
Failing to clear $1.3340 risks a fresh leg down. Supports: $1.30, then $1.2880, with $1.280, $1.2750, and $1.250 below source.
Technical picture: MACD accelerates bearish. RSI stays below 50 source.
