XRP's $1.40 Dreams Get Crushed as Bears Wake Up From Their Nap

$XRP made a noble attempt to breach the $1.40 club but got absolutely door-slammed back to reality. The price is now hugging the consolidation lane, probably wondering what went wrong. If it can hold above $1.30, maybe it'll gather enough hopium for another run. Or maybe not. Crypto giveth, crypto taketh.

After failing to punch through $1.40 like a degen at a VIP club, XRP started its inevitable correction. Currently trading below $1.340 and the 100-hourly SMA like a sad boi, there's now a bearish trend line forming with resistance at $1.3550 on the hourly chart. If bulls can reclaim $1.3550, we might see some life. Might.

$XRP actually had a moment earlier where it flexed above $1.350 and $1.3550, riding the coattails of Bitcoin and Ethereum like a true follower. It looked ready to moon, clearing $1.3650 resistance and hitting a high of $1.3963. Peak hopium reached. Then reality hit harder than a rug pull. Price dropped below $1.3650 and $1.350, tumbling below the 50% Fib retracement level from the $1.2940 swing low to that $1.3963 high. Now it's trading below $1.340 and the 100-hourly SMA, crying in the shower.

If XRP decides to be brave and try again, it'll hit resistance around $1.3450. The big bad barrier sits at $1.3550, where that bearish trend line is waiting to ruin the party. Clear that, and $1.3650 becomes the next target. Push past that and $1.3880 enters the chat. $1.40? Maybe. $1.4250? That's the real hurdle, the one that separates the men from the boys.

But if XRP continues its embrace of the red candles and fails at $1.3450, it's headed south. First stop: $1.3220 support. Next destination: $1.3180 or the 76.4% Fib retracement level from that same move. Break below $1.3180 and it's freefall time toward $1.3110, then $1.2880, then $1.2680. Say goodbye to $1.250. This is why we panic sell.

Technical Indicators

Hourly MACD – The MACD for $XRP/USD is now gaining pace in the bearish zone, because of course it is.

Hourly RSI – The RSI for $XRP/USD is now below the 50 level, because hope is a losing trade.

Major Support Levels – $1.3180 and $1.3110.

Major Resistance Levels – $1.3450 and $1.3550.