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17 hour ago

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BEARISH 📉 : XRP price struggles below $1.40 amid bearish pressure

XRP's price is facing a downturn after failing to surpass $1.4650, currently trading below key levels.

• XRP declined below $1.40 and the 100-hourly Simple Moving Average.
• A declining channel is forming with resistance at $1.3880 on the hourly chart.
• Support is visible near $1.340, with major support at $1.30 or the 61.8% Fib retracement at $1.2920.

Resistance and Support Levels

• If XRP moves above $1.420, it may target $1.450 and potentially $1.4820.
• If it fails to clear $1.40, it might decline further, testing supports at $1.2650 and $1.2250.

Technical Indicators

• Hourly MACD is in the bearish zone.
• Hourly RSI is below 50, indicating weaker momentum.
• Major support levels are $1.340 and $1.2920; resistance levels are $1.3880 and $1.40.