Key Points

  • XRP surged past a descending trend line on the hourly timeframe, signaling renewed bullish momentum.
  • The token touched $1.3963 before experiencing minor consolidation, maintaining its position above the 100-hour moving average.
  • The $1.3880-$1.40 range represents the primary resistance barrier for further upside movement.
  • Downside protection levels are established near $1.3575 and $1.3330 should momentum weaken.
  • Market activity included continued ETF accumulation and favorable regulatory developments, though technical indicators show divergence.

XRP (XRP) extended its upward trajectory and challenged the $1.40 threshold following a robust intraday advance. The digital asset stabilized around $1.38 after printing a session peak at $1.3963.

xrp price
XRP Price

The advance gained traction as XRP cleared the $1.350 and $1.3550 thresholds. Buying pressure intensified, driving price action through the $1.3650 barrier.

Hourly chart analysis reveals XRP successfully penetrated a descending trend line that had capped gains near $1.3350. This technical breakthrough provided additional fuel for the upward drive.

Following the peak at $1.3963, XRP encountered modest profit-taking. The token continues to hold above $1.3550 and maintains its position above the 100-hour simple moving average.

Market participants are now focused on the immediate resistance cluster. The critical question centers on whether XRP can penetrate $1.3880 before tackling $1.40.

Key Resistance Levels Draw Attention

A successful breach of $1.40 would open pathways toward $1.4250 and $1.4450. Extended targets include the $1.4650 region should momentum persist.

Near-term technical structure suggests buyers maintain the upper hand. The pair continues to trade above key moving average support following the latest bullish push.

Additional market analysis indicated XRP registered a 5.63% daily gain, reaching $1.3848. Current positioning places XRP above its 20-day moving average, though the 50-day and 200-day moving averages remain overhead.

Technical readings show the Ichimoku Kijun positioned at $1.4429. This metric represents another resistance layer that buyers will need to overcome.

Downside Protection Zones Established

Should XRP encounter rejection at the $1.3880 barrier, downside targets emerge. Initial support stands ready near $1.3575.

Deeper retracement would bring the $1.3330 level into play. This zone aligns with the 61.8% Fibonacci retracement measuring the advance from $1.2940 through $1.3963.

Sustained weakness below $1.3330 would activate lower support zones at $1.3080 and $1.3020. The subsequent major foundation sits near $1.2750.

Separate analysis highlighted that XRP has consolidated within a narrow $1.37-$1.39 corridor despite robust institutional demand. US spot XRP ETFs have accumulated over $1 billion in total assets since inception, with $224 million flowing in during the most recent week.

Technical momentum signals present a mixed picture, with RSI displaying bullish characteristics while Stoch RSI indicates overbought territory. Market analyst Anton Kharitonov maintains a cautious stance pending a decisive break above $1.39.

Finance Bull observed XRP initiating a breakout following the two-week ceasefire announcement and Strait of Hormuz reopening, projecting potential for sustained upward movement spanning two weeks. The commentary expressed optimism while acknowledging the absence of specific technical price targets.

Current market structure shows XRP challenging the $1.3880-$1.40 resistance cluster following its advance from the $1.2940 base.