XRP price remains supported near $1.35 after failing to sustain gains above $1.4320, as traders assess whether the consolidation phase could precede another breakout attempt while Bitcoin (BTC) and Ethereum (ETH) also stabilize near key technical levels.
What Happened; Price Consolidation
XRP failed to stay above $1.4320 and entered a corrective move, slipping below $1.40 before finding support as broader market momentum cooled.
The token declined under $1.4050 and $1.40, breaking below the 23.6% Fibonacci retracement of the move from the $1.2702 swing low to the $1.4329 high. Kraken data shows a contracting triangle forming on the hourly XRP/USD chart with resistance near $1.4080.
Bulls remain active above $1.3650, keeping the price above $1.370 and the 100-hourly simple moving average.
If buyers push higher, immediate resistance stands near $1.4050 and the triangle’s upper boundary, followed by $1.4320, while a clear break above $1.450 could open the path toward $1.50, $1.520 and potentially $1.550.
Also Read: XRP Bulls Lose Steam Below $1.42 Level
Why It Matters; Breakout Setup
The current setup places XRP at a technical crossroads, with sustained support above $1.350 preserving the broader upward structure despite short-term weakness.
Failure to reclaim $1.4050 could trigger renewed downside pressure.
Initial support sits at $1.370, followed by $1.3515, which aligns with the 50% Fibonacci retracement of the $1.2702–$1.4329 rally, and a break below that level may expose $1.3080, $1.2850 and $1.2620.
Momentum indicators show moderation, as the hourly MACD loses strength in bullish territory and the RSI moves below 50, suggesting fading upside momentum unless resistance levels are decisively cleared.
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