XRP’s price began to drop after failing to break through the $1.4550 level. It’s now stabilizing and could try to rise again if it stays above $1.40. Currently, XRP is trading around $1.4080, near the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data from Kraken), a bullish trend line is forming with support at $1.4050. If the price settles above $1.4220, it might start a fresh increase.
XRP Price Dips Again
XRP saw a decent upward move above $1.3850 and $1.4150, similar to Bitcoin and Ethereum. It gained momentum to clearly break above the $1.4220 resistance, reaching a high of $1.4570 before starting a downside correction. The price fell below $1.4320 and $1.420, dipping under the 38.2% Fibonacci retracement level of the upward move from the $1.3460 low to the $1.4570 high. Now, it’s trading near $1.4080 and the 100-hour simple moving average, with a bullish trend line supporting at $1.4050 on the hourly chart.
If the price rises again, it may face resistance near $1.420. The first major resistance is around $1.4220. Above that, the price could climb to test $1.4350. A clear break above $1.4350 might push it toward $1.4550, and further gains could target $1.4620. The next big hurdle for buyers is near $1.4840.
Another Drop?
If XRP can’t break through the $1.4220 resistance, it might start a new decline. Initial support on the downside is near $1.3050. The next major support is around $1.40, along with the trend line or the 50% Fibonacci retracement level of the move from $1.3460 to $1.4570. If the price breaks and closes below $1.40, it could continue falling toward $1.3820. The next key support is near $1.3620, and below that, the price might drop further to $1.350. Any more losses could test $1.3320.
Technical Indicators
– Hourly MACD: The MACD for XRP/USD is gaining speed in the bearish zone.
– Hourly RSI: The RSI for XRP/USD is now below the 50 level.
– Major Support Levels: $1.4050 and $1.4000.
– Major Resistance Levels: $1.4220 and $1.4550.
Frequently Asked Questions
Here is a list of FAQs addressing the recent weakening of XRPs price and increasing seller control
BeginnerLevel Questions
1 What does sellers are taking control mean for XRP
It means more people are selling XRP than buying it This puts downward pressure on the price making it harder for the price to go up
2 Why is XRPs price getting weaker right now
Usually its a mix of factors negative news about the SEC lawsuit a general downturn in the crypto market or traders losing confidence and moving their money to safer assets
3 Should I sell my XRP now because the trend is weak
Thats a personal decision not financial advice A weakening trend often suggests waiting or setting a stop loss to limit losses Dont panicsell based on shortterm moves
4 Is XRP going to zero
Highly unlikely XRP has survived multiple bear markets and legal battles A weak price trend doesnt mean the project is dead it just means sellers are currently in charge
5 Whats a bearish trend for XRP
Its when the price keeps making lower highs and lower lows over days or weeks If you see a chart where each peak is lower than the last thats a bearish trend
Intermediate Advanced Questions
6 What technical indicators confirm that sellers are in control
Look for Lower highs and lower lows on the chart the Relative Strength Index below 40 and the 50day moving average crossing below the 200day moving average
7 How does the SEC lawsuit affect XRPs current weakness
Even after partial legal wins uncertainty remains Any negative ruling or delay in the case can trigger selling The market hates uncertainty so sellers often dominate until the legal outcome is completely clear
8 What is sellside liquidity and why does it matter now
Its the total amount of XRP available for sale at various price levels When sellers control the trend there are large walls of sell orders above the current price This blocks any price rally because big sellers are waiting to dump