So, the XRP price decided to take a little holiday from its upward trajectory, starting a downside correction from the $1.40 zone. It’s now consolidating, like someone trying to decide if they should order pizza or just eat cereal for dinner. If it stays above the $1.30 zone, it might just summon the courage for another go at greatness.
- XRP price began its downward adventure after failing to conquer the $1.40 zone, because apparently $1.40 is the bouncer at the coolest club in town.
- It’s now trading below $1.340 and the 100-hourly Simple Moving Average, which is basically its way of saying, “I’m just not feeling it today.”
- A bearish trend line is forming with resistance at $1.3550 on the hourly chart of the XRP/USD pair (courtesy of Kraken, the octopus of crypto data). It’s like a stubborn mule refusing to budge.
- If it manages to settle above $1.3550, it might just remember it’s supposed to be a cryptocurrency and start climbing again.
XRP Takes a Dip, Not in the Pool
XRP price had a brief moment of glory, soaring above $1.350 and $1.3550, keeping up with the cool kids like Bitcoin and Ethereum. It even gained enough momentum to flirt with the $1.3650 resistance. A high of $1.3963 was reached, but then it decided, “Nah, I’m good,” and started its downward correction.
It dipped below $1.3650 and $1.350 faster than you can say “market volatility.” It even dove below the 50% Fib retracement level of the upward move from the $1.2940 swing low to the $1.3963 high. Now it’s trading below $1.340 and the 100-hourly Simple Moving Average, looking for a comfy spot to sulk.
If it attempts another upward move, it might hit a wall at $1.3450. The first major resistance is at $1.3550, where that pesky bearish trend line is waiting like a grumpy neighbor. If it breaks through, it could test $1.3650, because why not?
A clear move above $1.3650 might send it toward $1.3880, and if it’s feeling extra adventurous, it could aim for $1.40. The next big challenge for the bulls is at $1.4250, but let’s not get ahead of ourselves.
Or Maybe Another Plunge?
If XRP can’t muster the energy to clear the $1.3450 resistance zone, it might just give up and start a fresh decline. Initial support is at $1.3220, and the next major support is at $1.3180, or the 76.4% Fib retracement level of the upward move from $1.2940 to $1.3963. It’s like a safety net, but made of numbers.
If it breaks below $1.3180 and closes there, it might continue its descent to $1.3110. The next major support is at $1.2880, and if that fails, it could keep falling toward $1.2680. Any more losses might lead to a test of $1.250, because why stop now?
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining pace in the bearish zone, like a marathon runner who took a wrong turn.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level, indicating it’s feeling a bit under the weather.
Major Support Levels – $1.3180 and $1.3110, because every good story needs a safety net.
Major Resistance Levels – $1.3450 and $1.3550, because every good story also needs a villain.
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2026-04-09 08:11