XRP is trading below its 50-day exponential moving average (EMA) at $1.1458, a level that has turned into resistance. The 200-day EMA sits higher at $1.4425, also acting as a ceiling. Despite these overhead hurdles, momentum indicators are improving, with the MACD trending upward and the relative strength index (RSI) hovering around 55 — above the neutral 50 mark. The token remains in a cautious recovery phase, with buyers defending lower support but rallies stalling before key resistance.
Why $1.15 Matters
The $1.15 area is a double barrier. It combines the 50-day EMA with a Fibonacci resistance level at $1.1514. A decisive break above that zone would signal a sustained recovery, according to the technical setup. Until then, every push higher faces a tough test.
Support Levels to Watch
If XRP fails to break through, traders are eyeing several support floors. The first is the 38.2% Fibonacci retracement at $1.1178. Below that, an ascending trendline around $1.0937 offers a second line of defense. The 23.6% Fibonacci level at $1.0763 and the recent swing low at $1.0092 provide deeper cushions. So far, buyers have stepped in at these zones, preventing a steeper decline.
Momentum Indicators Improve
The MACD is on an upward trajectory, suggesting bullish momentum is building. The RSI at 55 is above the neutral 50 mark, indicating that buying pressure is gaining ground without being overextended. These are positive signs, but they haven't yet translated into a breakout above resistance.
The next move hinges on whether XRP can close above $1.15 on strong volume. A clean break would open the path toward the 200-day EMA at $1.4425. If it fails, the token could slide back toward the ascending trendline near $1.09. For now, the market is watching for a decisive close above $1.15 to confirm the next leg up.
