XRP’s price extended its decline, dropping below $1.420. It’s now stabilizing after the losses, with resistance around $1.4120 and $1.4150. The price started another drop, falling under the $1.4250 zone. Currently, it’s trading below $1.4150 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 $1.430 was broken. If the price stays below $1.4150, it could keep moving down.
XRP Price Dips Again
XRP couldn’t hold above $1.440 and continued its decline, similar to Bitcoin and Ethereum. It fell below $1.4320 and $1.430, entering a short-term bearish zone. The break below the bullish trend line at $1.430 on the hourly chart was confirmed. The price even dropped under $1.40, hitting a low of $1.3835, and is now consolidating those losses. There was a small recovery to the 23.6% Fibonacci retracement level of the drop from the $1.4471 high to the $1.3835 low. The price is now below $1.4120 and the 100-hourly Simple Moving Average.
If there’s a fresh recovery, the price might face resistance near $1.4010. The first major resistance is around $1.4150, or the 50% Fibonacci retracement level of the same downward move. The main resistance could be $1.4250. A close above $1.4250 could push the price to $1.4320. The next hurdle is at $1.4450. A clear move above $1.4450 might lead to $1.450 resistance. Further gains could target $1.4650.
More Losses?
If XRP can’t break through the $1.4150 resistance zone, it might start a new decline. Initial support on the downside is near $1.3920. The next major support is around $1.3840. If the price breaks and closes below $1.3840, it could continue falling toward $1.3650. The next major support is near $1.350, and below that, the price might drop further to $1.3220.
Technical Indicators
– Hourly MACD: The MACD for XRP/USD is gaining momentum in the bearish zone.
– Hourly RSI: The RSI for XRP/USD is now below the 50 level.
– Major Support Levels: $1.3920 and $1.3840.
– Major Resistance Levels: $1.4150 and $1.4250.
Frequently Asked Questions
Here is a list of FAQs about XRPs price rejection and shortterm drop written in a natural userfriendly tone
BeginnerLevel Questions
1 What does it mean when you say XRP faced a rejection
It means the price tried to go higher but selling pressure was too strong The price got pushed back down like hitting a ceiling
2 Why did XRPs price drop after the rejection
When sellers step in at a resistance level they overwhelm buyers This creates a quick imbalance forcing the price down as traders rush to sell or take profits
3 What does bulls lost control mean in simple terms
Bulls are traders betting the price will go up When they lose control it means buyers cant push the price higher anymore Sellers are now in charge at least for a little while
4 Is this drop a sign that XRP is a bad investment
Not necessarily Shortterm rejections and drops are normal in crypto markets It just means the price hit a temporary wall It doesnt tell you if XRP is good or bad longterm
5 Should I sell my XRP right now because of this drop
That depends on your personal strategy If youre a longterm holder shortterm drops are often just noise If youre a shortterm trader you might want to wait for the price to stabilize before deciding
Intermediate Advanced Questions
6 What specific price level caused the rejection
It varies by the day but common levels are round numbers or previous high points where XRP stalled before Check a chart with resistance lines for the exact level
7 How can I tell if this is just a normal pullback or the start of a bigger downtrend
Look at volume and support levels If the drop is on low volume and the price holds above a key support its likely a pullback If volume spikes and it breaks below support it could be a trend reversal
8 What technical indicators should I watch after a rejection
Watch the Relative Strength Index if it drops below 30 its oversold