XRP’s price slide continued Thursday, with the token falling below $1.28 and hitting a low of $1.2752. The move extends a losing streak that has pushed the cryptocurrency under the 100-hourly simple moving average, a level traders often watch as a gauge of short-term momentum.
Key resistance levels cap any bounce
On the hourly chart of the XRP/USD pair, a bearish trend line has formed with resistance pegged at $1.3150. That line has held since the recent downturn began. Initial hurdles for any recovery sit near $1.2920 and $1.2960, and a break above those could open the door to the $1.3150 area — but traders say the path looks steep from here.
Support zones to watch if selling continues
If the selling pressure persists, the first floor is at $1.2750. Below that, the next support lies at $1.2550. A further decline could test $1.2320, a level not seen in recent sessions. The structure suggests the bears remain in control until XRP can reclaim the $1.3150 resistance convincingly.
Technical indicators flash caution
The hourly MACD for XRP/USD is gaining pace in the bearish zone, meaning downward momentum is accelerating rather than fading. The relative strength index, or RSI, sits below 50, putting it in negative territory. Both readings reinforce the view that the short-term trend is tilted to the downside. There’s no clear catalyst from the facts, but the chart pattern alone is keeping sellers active.
For now, XRP’s next move depends on whether bulls can defend $1.2750 — a level that has already been tested once. A clean break below that could set up a run toward $1.2550 or lower.
