XRP’s price extended its decline, dropping below $1.440. It’s now stabilizing after the losses, with resistance levels around $1.4375 and $1.4450. The price started another drop and fell under the $1.440 mark. Currently, it’s trading below $1.4250 and the 100-hourly Simple Moving Average. On the hourly chart of the XRP/USD pair (data from Kraken), a bullish trend line with support at $1.4240 was broken. If the price stays below $1.440, it could keep falling.
XRP Price Dips Again
XRP couldn’t hold above $1.450 and dropped further, underperforming Bitcoin and Ethereum. It fell below $1.4420 and $1.440, entering a short-term bearish zone. The break below the $1.4240 support trend line on the hourly chart was followed by losses under $1.420. A low of $1.4125 was reached, and the price is now consolidating below the 23.6% Fibonacci retracement level of the drop from the $1.4625 high to the $1.4125 low. It’s now trading under $1.4350 and the 100-hourly Simple Moving Average.
If there’s a recovery, the price might face resistance near $1.4240. The first major resistance is around $1.4375, or the 50% Fibonacci retracement level of the same drop. The main resistance is at $1.4450. A close above $1.4450 could push the price to $1.4550, with the next hurdle at $1.4620. A clear move above $1.4620 might lead to the $1.50 resistance, and further gains could target $1.5150.
More Losses?
If XRP can’t break through the $1.4375 resistance, it might start a new decline. Initial support is near $1.4120, with the next major support around $1.40. A break and close below $1.40 could lead to a drop toward $1.3840, then $1.3650, and possibly down to $1.3440.
Technical Indicators
– Hourly MACD: The MACD for XRP/USD is gaining momentum in the bearish zone.
– Hourly RSI: The RSI is now below the 50 level.
Key Levels
– Major Support: $1.4120 and $1.4000.
– Major Resistance: $1.4375 and $1.4550.
Frequently Asked Questions
Here is a list of FAQs about XRP returning to a key support zone written in a natural tone with clear direct answers
BeginnerLevel Questions
1 What does key support zone mean for XRP
Its a specific price range where XRP has historically stopped falling and bounced back up Think of it as a safety net If the price stays above this zone buyers are in control If it falls below sellers take over
2 Why is this a makeorbreak moment
Because the price is at a critical decision point If buyers step in and push the price up XRP could rally If they fail the price could drop significantly lower Its the line between a potential recovery and a deeper decline
3 What happens if XRP breaks below the support zone
A breakdown usually signals that sellers are winning It often leads to a sharp price drop to the next lower support level which could mean losses for anyone who bought at higher prices
4 How can I tell if the support will hold or break
Look for two things volume and candlestick patterns High buying volume at the support zone is a good sign A long wick or tail on the price chart also suggests buyers are defending the level
5 Is this a good time to buy XRP
It depends on your risk tolerance Buying at support can be profitable if it holds but its risky if it breaks A safer strategy is to wait for a confirmed bounce before buying
AdvancedLevel Questions
6 How do I calculate the exact support zone not just a round number
Use technical tools like Fibonacci retracement levels or moving averages Also look for order blocks or liquidity pools on lower timeframes where large buy orders are clustered
7 Whats the difference between a support zone and a demand zone
Theyre similar but a demand zone specifically shows where institutional buyers placed large buy orders A support zone is more general A demand zone is often stronger because its backed by big money