XRP Price Meets Resistance, Tough Challenge Caps Upside Momentum

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a recovery wave above $1.3120 and $1.320. The price is now consolidating and might aim for a fresh move above $1.360. XRP price started a recovery wave above the $1.320 zone. The price is now trading above $1.3350 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $1.3470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.380. XRP Price Aims Steady Gains XRP price remained supported above $1.290 and started a recovery wave, like Bitcoin and Ethereum . The price was able to climb above $1.3120 and $1.320 to enter a short-term positive zone. There was also a move above the 23.6% Fib retracement level of the downward move from the $1.4650 swing high to the $1.2836 swing low. The bulls even pushed the price above $1.340 but they struggled near $1.3780. The price is now trading above $1.3350 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3480 level. There is also a contracting triangle forming with resistance at $1.3470 on the hourly chart of the XRP/USD pair. Source: XRPUSD on TradingView.com The first major resistance is near the $1.380 level or the 50% Fib retracement level of the downward move from the $1.4650 swing high to the $1.2836 swing low.  A close above $1.380 could send the price to $1.40. The next hurdle sits at $1.4120. A clear move above the $1.4120 resistance might send the price toward the $1.4250 resistance. Any more gains might send the price toward the $1.4450 resistance. Another Drop? If XRP fails to clear the $1.380 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3150 level. The next major support is near the $1.30 level. If there is a downside break and a close below the $1.30 level, the price might continue to decline toward $1.2880. The next major support sits near the $1.2680 zone, below which the price could continue lower toward $1.2320. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3160 and $1.3000. Major Resistance Levels – $1.3800 and $1.4120.