XRP Price Takes Another Hit As Bitcoin-Led Weakness Spreads Across Crypto
Summary
XRP fell below $1.20 and remains in a short-term bearish zone after breaking $1.1950 and $1.1920. The decline extended below $1.180, with a low near $1.1401, and price is now consolidating below the 100-hour simple moving average. Immediate resistance lies near $1.1880, then $1.1920 and $1.1950, where a bearish trend line also sits. A close above $1.1950 could open a move back to $1.20 and then $1.22, with further upside toward $1.25 and possibly $1.2850. If XRP fails to clear $1.1950, downside risk remains, with support at $1.1600 and $1.1550. A break below $1.1550 could lead to $1.150 and then $1.1440 or lower. Momentum indicators remain weak, with MACD bearish and RSI below 50.
