XRP (XRP) failed to sustain its recovery above $1.40 after breaking through a bearish trend line at $1.360 on the hourly chart, with the token now trading below $1.3880 and its 100-hourly Simple Moving Average as the $1.42 level emerges as a key resistance barrier.
What Happened: Recovery Stalls Below $1.40
XRP found support above $1.30 and climbed past $1.3250 and $1.350, entering a short-term positive zone alongside Bitcoin (BTC) and Ethereum (ETH). The price also cleared the 50% Fibonacci retracement level of the decline from the $1.4936 swing high to the $1.2702 low.
Bulls pushed the price above $1.3820 but could not hold it above $1.40. The first major resistance sits at $1.4080, which aligns with the 61.8% Fibonacci retracement level of that same downward move.
A close above $1.4080 could open the path toward $1.420, $1.440 and eventually $1.4550. On the downside, initial support rests at $1.340, with deeper levels at $1.3220, $1.30 and $1.2880.
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Why It Matters: Momentum Fading
The hourly MACD for XRP/USD is losing pace in the bullish zone, suggesting the recovery attempt may be running out of steam. The RSI remains above 50, which keeps the short-term outlook from turning outright bearish.
Whether XRP can reclaim $1.4080 will likely determine the token's near-term direction — a failure there could trigger a fresh decline toward $1.30 or lower.
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