XRP extended its recent gains on Thursday, climbing past the $1.40 mark and consolidating above a key moving average. The cryptocurrency traded at $1.4040 late in the session, supported by a freshly formed bullish trend line on the hourly chart. The move follows a steady uptick that pushed the price to a high of $1.4215 earlier in the day.
Resistance levels in sight
Immediate overhead resistance sits at $1.420, with a cluster near $1.4220 and $1.4350. A clear break above $1.4350 could open the door toward $1.450 and then $1.4740, traders say. The $1.50 level looms as the next major hurdle if the rally continues. For now, XRP is trading just below the $1.420 resistance, and the hourly chart shows the price holding above the 23.6% Fibonacci retracement of the move from $1.3460 to $1.4215.
Support structure beneath the rally
If XRP fails to push through $1.420, a pullback could test initial support at $1.40 and the trend line that connects recent lows. A deeper decline would target the 50% Fibonacci retracement at $1.3840, followed by $1.3650, $1.350, $1.3250, and finally $1.3120. The $1.40 and $1.3840 levels represent the main support zones to watch on any downside move.
Technical indicators point bullish
The hourly moving average convergence divergence (MACD) is gaining pace in bullish territory, while the relative strength index (RSI) sits above 50, suggesting momentum remains on the buyers' side. The price itself is above the 100-hourly simple moving average, a level that often acts as dynamic support in intraday trading.
What’s next for XRP
The market is now watching whether XRP can clear $1.420 in the coming sessions. A sustained move above that level would likely shift attention to $1.4350 and beyond. Failure to break higher could lead to a retest of the $1.40 area or lower support levels. No major news events have been reported that would explain the move, leaving technical factors and broader crypto market sentiment driving the action.
