XRP's price slipped under $1.30 and kept falling, touching a low of $1.2677 in the latest trading session. The cryptocurrency now sits below both the psychological $1.30 mark and the 100-hourly simple moving average, a level traders often watch for short-term trend direction.
Resistance Lines and Technical Hurdles
A bearish trend line has formed on the hourly chart, with resistance standing at $1.340. Before that, XRP faces immediate hurdles near $1.290, $1.30, and $1.3150 — the latter being the 50% Fibonacci retracement level from the recent decline. A move above $1.340 could open the door to targets at $1.3550 and $1.3750, but the price would first need to break through a cluster of near-term ceilings.
What the Indicators Say
The hourly MACD is gaining pace in bearish territory, while the relative strength index (RSI) sits below 50. Both readings point to continued selling pressure rather than a quick rebound. For now, the bias remains to the downside.
Support Levels to Watch If the Drop Continues
If XRP fails to clear $1.3150, further declines are likely. Key support lies at $1.2675, with deeper floors at $1.2550, $1.2320, and $1.220. Each level represents a potential area where buyers might step in, but the path of least resistance appears lower until the price reclaims the $1.30 mark and the moving average.
The question hanging over the market is whether the $1.2675 low will hold or give way to the next leg down. No clear catalyst has emerged to reverse the momentum, and the technical picture offers little comfort for bulls.
