XRP Price Pushes Higher, Can Bulls Crack $1.40 Resistance?

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 decent increase above $1.3650. The price is now consolidating gains and might aim for more gains above the $1.40 zone. XRP price started a steady upward move above the $1.380 zone. The price is now trading above $1.3550 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.3350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.40. XRP Price Recovers Some Ground XRP price started a fresh upward move above $1.350 and $1.3550, like Bitcoin and Ethereum . The price gained pace for a clear move above the $1.3650 resistance. There was a break above a bearish trend line with resistance at $1.3350 on the hourly chart of the XRP/USD pair. The bulls even pumped the price toward the $1.3880 zone. A high was formed at $1.3963 and the price started a minor pullback. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.2940 swing low to the $1.3963 high. The price is now trading above $1.3550 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3820 level. Source: XRPUSD on TradingView.com The first major resistance is near the $1.3880 level, above which the price could rise and test $1.40. A clear move above the $1.40 resistance might send the price toward the $1.4250 resistance. Any more gains might send the price toward the $1.4450 resistance. The next major hurdle for the bulls might be near $1.4650. Downside Correction? If XRP fails to clear the $1.3880 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3575 level. The next major support is near the $1.3330 level or the 61.8% Fib retracement level of the upward move from the $1.2940 swing low to the $1.3963 high. If there is a downside break and a close below the $1.3330 level, the price might continue to decline toward $1.3080. The next major support sits near the $1.3020 zone, below which the price could continue lower toward $1.2880. The main support could be $1.2750. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3575 and $1.3330. Major Resistance Levels – $1.3880 and $1.40.