XRP Price Loses Ground As Bearish Pressure Quietly Builds
Summary
XRP has started a downside correction after failing to hold above $1.3520, slipping below $1.350, $1.3450, and $1.3420. The move also broke the 38.2% Fibonacci retracement of the rise from $1.2658 to $1.3642, with an hourly declining channel forming near $1.3380. XRP is still above $1.3150 and the 100-hour moving average, but momentum is weakening: the hourly MACD is turning more bearish and RSI is below 50. Immediate resistance sits near $1.3380, then $1.3420 and $1.3500. A breakout above $1.350 could open the way to $1.3580, $1.3650, and possibly $1.3740. On the downside, support is near $1.3200 and $1.3150. A drop below $1.3150 could trigger further losses toward $1.3120, $1.3050, and $1.2920.
