XRP has slipped to $1.37 after a failed push above the $1.45-$1.55 resistance zone, a move that followed its breakout from the $1 region. The daily chart shows a long upper wick toward $1.70, signaling that sellers stepped in hard at those levels. Momentum has faded, and the sequence of lower highs and lower lows points to short-term corrective pressure.
Why the breakout stalled
The breakout from a descending channel carried XRP through its moving averages, but the rally ran out of steam near $1.45-$1.55. That zone rejected the price with force, leaving a visible wick on the daily candlestick. Now the asset is trading below that resistance, and the structure has turned corrective.
Traders are watching the $1.27-$1.34 support zone closely. That area overlaps with the higher moving average, which gives it extra weight. If buyers defend it, XRP could stabilize and set up another run at the $1.45-$1.55 resistance. But a daily close below $1.27 would break the post-breakout structure and open the door to a deeper slide.
What the 4-hour chart shows
On the 4-hour timeframe, XRP rallied from roughly $0.99 to $1.70 before getting rejected at the $1.43-$1.55 supply zone. The pullback has brought price back to the 0.5 Fibonacci retracement at $1.34. That level has been tested with only a modest reaction so far, and buyers haven't produced a convincing recovery.
The $1.33-$1.34 area is a near-term decision point. Holding above it could lead to sideways consolidation and another attempt at the $1.43-$1.55 resistance. If it fails, the correction could extend toward the 0.618 retracement at $1.26, the 0.702 level near $1.20, and the 0.786 retracement at $1.14. The broader $1.09-$1.14 support zone would then come into focus.
Key levels to watch
The short-term structure remains corrective as long as XRP trades below $1.43-$1.55. A sustained reclaim of that resistance would shift momentum back to the bulls and reopen the possibility of challenging the $1.70 high. Until then, the path of least resistance appears to be lower.
The first real test is the $1.27-$1.34 zone. A bounce there could give XRP the footing it needs to try the resistance again. A breakdown below $1.27 would likely pull the price toward the lower moving average around $1.15, with the $0.93-$0.97 demand zone as a potential target if selling intensifies.
For now, the question is whether buyers can defend $1.34 on the 4-hour chart. That level has held so far, but the reaction has been weak. The next few sessions will show whether XRP can build a base or if the correction has further to run.
