BEARISH 📉 : XRP price drops below $1.3650, faces resistance at $1.4120

XRP Price Analysis

  • XRP's price has fallen below the $1.350 level, trading under the 100-hourly Simple Moving Average.
  • There is a bearish trend line with resistance at $1.4250 on the XRP/USD hourly chart.
  • The price is facing resistance near $1.3620 and $1.4120.
  • A break above $1.4250 could push the price towards $1.450 and $1.4650.
  • Further gains might lead to the $1.50 and $1.5250 levels.
  • If it fails to clear $1.4120, a decline may target supports at $1.3320 and $1.3300.
  • Breaking below $1.3300 could result in further drops to $1.3120 and $1.30.

XRP Price Chart

Technical Indicators

  • MACD: Gaining momentum in the bearish zone.
  • RSI: Below the 50 level, indicating bearish momentum.
  • Support Levels: $1.3320 and $1.3300.
  • Resistance Levels: $1.3810 and $1.4120.