The price of XRP recently rose above $1.42 and is now slightly dropping back. If it remains above $1.40, it could potentially increase again.
- XRP price started a fresh increase above the $1.420 zone.
- The price is now trading above $1.40 and the 100-hourly Simple Moving Average.
- There was a break above a bearish trend line with resistance at $1.420 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could continue to move up if it settles above $1.450.
XRP Price Corrects Gains
Like Bitcoin and Ethereum, the price of XRP began to rise significantly, breaking past the $1.40 and $1.420 levels. It then gained momentum, successfully moving above the $1.4350 resistance point.
XRP’s price surged past $1.450, even breaking through a downward trend line that had been resisting gains around $1.420. It peaked at $1.4650 before starting to fall. The price then dropped below $1.450 and $1.4350, falling under the 50% retracement level of the recent rise from $1.3613 to $1.4650.
The price has risen above $1.40 and is now trading above its 100-hour moving average. It might encounter some resistance around $1.4250 if it continues to climb. A key resistance level is near $1.4650, and breaking through that could lead to a test of $1.50.
If the price rises above $1.50, it could move towards $1.5250, and potentially even higher to $1.550. A significant challenge for buyers likely awaits around the $1.60 level.
More Downside?
If XRP doesn’t break past the $1.4250 resistance level, its price might start to fall. It could initially find some support around $1.40, and then a stronger support level near $1.3780.
If the price falls below $1.3780, it could drop further to $1.3550. Further declines could then test the $1.3220 level, and a break below that could lead to $1.3050. If selling pressure continues, the price might eventually reach $1.30.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $1.4000 and $1.3780.
Major Resistance Levels – $1.4250 and $1.4650.
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2026-03-24 07:16