XRP’s price dropped further, falling below $1.40. It’s now stabilizing after the losses, but faces resistance around $1.3980 and $1.40. The price started another decline and slipped under the $1.40 mark. It’s currently trading below $1.40 and the 100-hourly Simple Moving Average. On the hourly chart of the XRP/USD pair (data from Kraken), there was a breakout above a bearish trend line with resistance at $1.3820. If the price stays below $1.40, it could keep moving downward.
XRP’s price couldn’t hold above $1.4050 and continued to fall, similar to Bitcoin and Ethereum. It dropped below $1.4020 and $1.40, entering a short-term bearish zone. The decline extended past $1.380, hitting a low of $1.3680. Now, the price is consolidating those losses. There was a small recovery wave to the 23.6% Fibonacci retracement level of the drop from the $1.4470 high to the $1.3680 low. Additionally, the price broke above a bearish trend line with resistance at $1.3820 on the hourly chart. It’s now trading below $1.40 and the 100-hourly Simple Moving Average.
If there’s a fresh recovery, the price might face resistance near $1.3980. The first major resistance is around $1.4075, or the 50% Fibonacci retracement level of the drop from $1.4470 to $1.3680. The main resistance could be at $1.4170. A close above $1.4170 could push the price to $1.4220, with the next hurdle at $1.4250. A clear move above $1.4250 might send the price toward $1.450 resistance. Further gains could target $1.4650.
More Losses?
If XRP can’t break through the $1.3980 resistance zone, it might start a new decline. Initial support on the downside is near $1.3780, with the next major support at $1.3680. If the price breaks and closes below $1.3680, it could continue falling toward $1.3550. The next major support is around $1.350, and below that, the price could drop further to $1.3220.
Technical Indicators
– Hourly MACD: The MACD for XRP/USD is losing momentum in the bearish zone.
– Hourly RSI: The RSI for XRP/USD is now below the 50 level.
– Major Support Levels: $1.3780 and $1.3680.
– Major Resistance Levels: $1.3980 and $1.4000.
Frequently Asked Questions
Here is a list of FAQs about XRP trading below 140 covering beginner to advanced concerns
BeginnerLevel Questions
1 Why is XRP stuck below 140 right now
A few big reasons the overall crypto market is cautious theres still uncertainty about the SEC lawsuit and many traders are waiting for a clearer signal before buying
2 Is 140 a good price to buy XRP
It depends on your goal If you think XRP will eventually go higher then buying below 140 could be a good entry point But no one can guarantee it wont go lower so only invest what you can afford to hold for a while
3 Can XRP really bounce back and go up again
Yes it can XRP has bounced back from much lower prices before A bounce usually happens when theres good news a big partnership announcement or when the whole crypto market recovers
4 What does stabilize mean for XRP
It means the price stops jumping up and down wildly For example instead of swinging 10 in a day it might move only 12 Stabilization usually happens before a big move either up or down
5 Is XRP dead if it stays below 140 for a long time
No Many successful coins and stocks trade in a range for months or years before breaking out Being below 140 doesnt mean its deadit just means the market is uncertain right now
AdvancedLevel Questions
6 What key technical levels should I watch for a bounce
Watch for support around 120 and resistance near 140 If XRP breaks above 140 with high volume thats a strong bounce signal If it drops below 120 it could fall further to 100
7 How does the SEC lawsuit outcome affect the price floor
If Ripple wins the final appeal XRP could jump 2050 quickly If the SEC wins or imposes heavy fines it could drop below 100 The uncertainty itself is keeping