Oh dear, XRP has had a bit of a meltdown, failing to cling to that oh-so-important $1.420 mark. It’s like the cryptocurrency equivalent of a dramatic breakup-sudden, painful, and full of tears (for your wallet).
- Poor XRP started its downward spiral, tumbling below $1.380 as if it were trying to avoid its responsibilities.
- Now it’s wallowing beneath $1.3740, far away from the 100-hourly Simple Moving Average-basically the financial equivalent of your mum asking why you haven’t settled down yet.
- There’s a new bearish trend line forming with resistance at $1.3880 on the hourly chart of the XRP/USD pair (courtesy of our friends at Kraken, who are probably just as confused).
- If XRP can muster up some courage and stay above $1.3320, it might just find a way to rise again like a phoenix-or at least a pigeon.
XRP Price: The Rollercoaster Ride
XRP just couldn’t hold its ground above $1.40 and decided to go on a field trip downwards, much like Bitcoin and Ethereum. It dipped below $1.3920 and $1.3880, entering what I like to call “the land of lost investments.”
It even plunged below the 50% Fib retracement level of that wild ride from $1.2702 to $1.4330. How far can it fall? New trend lines suggest resistance is brewing at $1.3880 on the hourly chart, which sounds suspiciously like my last dating experience.
The bulls are still kicking around above the $1.3320 zone, but XRP is trading below $1.3750 and the infamous 100-hourly Simple Moving Average. If it tries to rise again, it’ll have to face some serious resistance at the $1.370 level. Major resistance is lurking near $1.3880, where it could either rise gloriously or faceplant into the ground.
A decisive move above the $1.40 resistance could send XRP flying towards the $1.4320 level. But let’s be real, any further gains might just tease us with dreams of $1.450 before throwing us back down to earth. The ultimate challenge for the bulls? Conquering the mighty $1.50!
Will XRP Faceplant?
But if XRP can’t shake off its fears and clear the $1.3880 resistance zone, we might be in for another sad decline. Initial support lurks around $1.3320 or the 61.8% Fib retracement level-it’s basically the financial version of saying, “I still love you, but maybe from a distance.”
If it breaks down and closes below $1.3085, we could see it slide all the way down to the dreaded $1.2880. The next major support is hanging out near $1.2650, and if it falls below that, well, it’s time to brace for impact at $1.250.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is losing steam in the bullish zone, kind of like my motivation on a Monday morning.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level, which, let’s face it, is about as encouraging as a rainy day.
Major Support Levels – $1.3320 and $1.3085. Let’s hope they hold!
Major Resistance Levels – $1.3880 and $1.4000. Good luck with that!
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2026-03-04 07:53