XRP's price extended its losses on Wednesday, slipping below the $1.42 mark and deepening the pullback from recent highs. The cryptocurrency hit a low of $1.3630 during the session, and traders are now watching whether it can reclaim key resistance levels or face another leg down.
Resistance Levels Stack Up Near $1.40 and $1.4350
The recovery attempt from the $1.3630 low is running into stiff overhead supply. On the hourly chart of the XRP/USD pair, a bearish trend line has formed with resistance at $1.3950. Above that, the $1.40 zone looms as the first major hurdle, followed by $1.4350 and the more significant $1.4550 resistance area. If XRP fails to clear the $1.4550 level, analysts warn that a fresh decline could start.
Support Areas Under Pressure
On the downside, initial support sits near $1.3650, the area just above the recent low. A break below that opens the door to $1.3550 and then the $1.35 psychological level. The broader picture shows price consolidating its losses, but the short-term bias remains tilted to the bearish side.
Momentum Gauges Stay Negative
The hourly MACD is gaining pace in the bearish zone, suggesting selling pressure is building. The hourly Relative Strength Index (RSI) is below the 50 level, a sign that momentum favors sellers. Neither indicator has shown a bullish divergence or a reversal signal yet.
For now, the market is stuck between the $1.3650 support and the $1.3950–$1.4080 resistance cluster. A decisive move above $1.4080 would be the first sign of a recovery, but the technical setup suggests that may take time.
