XRP Price Downtrend May Resume, Sellers Eye Control Again

XRP is consolidating near $1.3620 after a recovery attempt, with technical analysis suggesting a critical inflection point. Bulls need to break above $1.3830 to challenge higher resistance levels, while failure to hold support could trigger a decline toward $1.3150.

XRP has stabilized above key support at $1.3450, marking a meaningful recovery in line with broader Bitcoin and Ethereum strength. The cryptocurrency climbed above the 23.6% Fibonacci retracement level, demonstrating renewed buying interest after testing lower levels. However, the recovery remains constrained below the 100-hourly simple moving average and the $1.3850 zone, where bears have reasserted control. A bearish trend line with resistance at $1.3760 creates an overhead challenge that could limit upside momentum.

The technical setup presents a binary outcome for XRP traders. An upside breakout requires closing above $1.3830, which would target the 61.8% Fibonacci retracement at $1.3830 and subsequently $1.3920—a level that could open doors to $1.40 and the prior swing high at $1.4060. The MACD momentum indicator is gaining bullish pace, and RSI above 50 suggests some positive momentum, though neither indicator has reached overbought extremes that would warrant caution.

Conversely, a failure to clear $1.3830 invites sellers to reassert control, with initial support at $1.3620 and major support near $1.3500. A breakdown below $1.3500 could accelerate selling pressure toward $1.3220 and eventually $1.30. This downside scenario aligns with the article's assessment that sellers are positioned to resume control if bulls cannot maintain momentum. For swing traders, the $1.3830 level represents a crucial decision point that will determine whether XRP continues its recovery or validates the broader downtrend.

• →XRP faces critical resistance at $1.3830; a break above this level could target $1.3920 and $1.4060
• →Major support levels are positioned at $1.3620 and $1.3500, with further support near $1.3150 if breakdown occurs
• →Technical indicators show mixed signals with MACD gaining bullish pace but price trapped below the 100-hourly moving average
• →A close below $1.3500 could trigger a decline toward $1.3220, extending the downtrend
• →Bears remain active near $1.3750 as a bearish trend line develops on the hourly chart