XRP’s price dropped further and fell below $1.420. It’s now stabilizing after the losses, with resistance around $1.40 and $1.4350. The price started another decline and went under the $1.420 level. Currently, it’s trading below $1.40 and the 100-hourly Simple Moving Average. On the hourly chart of the XRP/USD pair (data from Kraken), a bearish trend line is forming with resistance at $1.3950. If the price stays below $1.420, it could keep moving down.
XRP Price Extends Losses
XRP couldn’t hold above $1.4350 and continued to drop, similar to Bitcoin and Ethereum. It fell below $1.4250 and $1.420, entering a short-term bearish zone. The price even went under $1.40. A low of $1.3630 was reached, and now the price is consolidating well below the 23.6% Fibonacci retracement level of the drop from the $1.5496 high to the $1.3630 low. It’s trading below $1.420 and the 100-hourly Simple Moving Average. If there’s a recovery, the price might face resistance near $1.3920. There’s also a bearish trend line with resistance at $1.3950 on the hourly chart. The first major resistance is around $1.40, with the main resistance at $1.4080. A close above $1.4080 could push the price to $1.4350. The next hurdle is $1.4550, which is the 50% Fibonacci retracement level of the drop from $1.5496 to $1.3630. A clear move above $1.4550 might lead to $1.4750, and further gains could target $1.50.
More Downside?
If XRP can’t break through the $1.4550 resistance, it might start another decline. Initial support is near $1.3650, with the next major support at $1.350. If the price breaks and closes below $1.350, it could drop to $1.3350. The next support is around $1.3220, and below that, the price might fall to $1.3120.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is picking up speed in the bearish zone.
Hourly RSI – The RSI is now below 50.
Major Support Levels – $1.3650 and $1.3550.
Major Resistance Levels – $1.4000 and $1.4080.
Frequently Asked Questions
Here is a list of FAQs about XRPs shaky price momentum covering beginner and advanced perspectives
BeginnerLevel Questions
1 Why is XRPs price momentum shaky right now
It means the recent upward price trend is losing strength The price is struggling to make new highs and buyers are becoming less aggressive making the market look unstable
2 Does shaky momentum mean XRP will definitely crash
Not necessarily It means the risk of a price drop is higher than usual It could also mean the price will move sideways for a while before deciding a direction
3 What should I do if I own XRP and momentum looks weak
You have a few options hold if you believe in the longterm sell a portion to reduce risk or set a stoploss order to automatically sell if the price drops to a certain level
4 What is a bearish divergence and why are traders worried about it
A bearish divergence happens when the price of XRP makes a higher high but a momentum indicator makes a lower high Its a warning that buying pressure is fading often leading to a price decline
5 Is this just about XRP or is the whole crypto market weak
Its often a mix While XRP has its own news shaky momentum in XRP can also be part of a broader market slowdown where Bitcoin and other coins are also losing steam
AdvancedLevel Questions
6 How do professional traders measure shaky momentum in XRP
They look at specific technical indicators a falling Relative Strength Index below 50 a MACD line crossing below its signal line and lower trading volume on up days compared to down days
7 What is volume profile telling us about XRPs current weakness
Volume profile shows where most trading happened If XRP is trading below the highvolume node it suggests sellers are in control and the shaky momentum is likely to continue downward
8 If traders are preparing for declines what specific strategies are they using
Common strategies include