XRP’s price has turned lower after failing to hold above the $1.3720 mark, pulling back from a recent high of $1.3741. The cryptocurrency is now trading just above $1.35, still above the 100-hourly simple moving average, but a bearish trend line is forming on the hourly chart that could cap further gains.
Why XRP Pulled Back
After climbing from a swing low of $1.3001 to $1.3741, XRP hit resistance near the $1.3750 zone. That level has acted as a ceiling before, and the failure to stay above $1.3720 triggered a downside correction. The 50% Fibonacci retracement of the recent up move was briefly broken, adding to the bearish pressure.
The hourly MACD is still gaining pace in bullish territory, suggesting some underlying buying interest. The Relative Strength Index on the hourly chart remains above the neutral 50 level, meaning the correction hasn’t turned into a full sell-off yet.
Key Resistance and Support Levels
On the upside, the immediate resistance is the trend line near $1.3650. A clear move above that could open the door to $1.3740. If XRP can break and hold above $1.3740, the next targets are $1.3880 and then the psychological $1.40 level.
Support sits at $1.3370 and $1.3280. A daily close below $1.3280 would likely send XRP toward $1.3175 and possibly $1.3120. That would erase most of the gains from the recent rally.
What’s Next for XRP
The key question now is whether XRP can clear the $1.3740 resistance. If it fails, a fresh decline could begin, with the first test at $1.3370. Traders are watching the hourly trend line closely — a break above it would shift the short-term outlook back to bullish. Until then, the correction remains in play.
