XRP has slipped below the $1.340 mark and its 100-hourly Simple Moving Average on Friday, with technical indicators pointing to sustained selling pressure. The cryptocurrency is now testing critical support levels after a bearish trend line with resistance at $1.3580 formed on the hourly chart.
Bearish Trend Line Forms
Price action on the XRP/USD hourly chart shows a clearly defined resistance trend line near $1.3580. Each attempt to rally has been rejected at that level, keeping the pair under pressure. The hourly MACD is gaining pace in the bearish zone, while the Relative Strength Index remains below 50 — both signs that sellers are in control.
Key Support Levels in Focus
Traders are watching two support zones closely. The first sits at $1.3175, just above a more substantial level at $1.3125. That second level corresponds to the 83.2% Fibonacci retracement of the upward move from $1.30 to $1.3740. A breakdown below $1.3125 could accelerate losses toward $1.3020 and eventually the $1.30 support zone.
What Happens if Resistance Breaks
On the upside, XRP needs to clear the immediate resistance at $1.340 to challenge the trend line at $1.3580. A decisive move above $1.3580 would open the door to $1.3650 and the recent high near $1.3740. But with the MACD and RSI both flashing bearish, the path of least resistance appears lower.
What a Breakdown Means
If sellers manage to push XRP through $1.3125, the $1.30 level becomes the last major stand before a potential move into lower territory. The fact that the 83.2% Fibonacci retracement is already being tested suggests momentum is firmly with the bears. Whether buyers can defend $1.30 or the sell-off deepens remains the open question as the weekend approaches.
