XRP is trading close to $1.34, with a bearish technical alignment weighing on the cryptocurrency. The key level to watch is $1.33, a support that traders believe must hold to avoid further losses. If that floor defends, the setup could flip and send prices toward the $1.60 resistance zone.
The $1.33 Floor
The support at $1.33 has become the line in the sand for XRP. A break below that level would likely accelerate selling pressure, but a successful defense could trigger a reversal. The target on the upside is $1.60, a level that has acted as resistance in recent trading sessions.
Bearish Technical Setup
Technical indicators are currently aligned to the downside. Short-term moving averages sit below longer-term ones, a pattern often associated with bearish momentum. The price action near $1.34 reflects indecision, with buyers stepping in at support but sellers capping rallies near $1.40. The next move depends on whether $1.33 holds.
