XRP (XRP) climbed above $1.46 before reversing course, and technical indicators now suggest the token faces mounting selling pressure unless it can reclaim the $1.4250 resistance level.
Price Reversal Details
The token rallied past $1.420 after breaking above a bearish trend line on the hourly XRP/USD chart. Prices reached a session high of $1.4650 before pulling back.
The decline pushed XRP below the 50% Fibonacci retracement of the move from the $1.3613 swing low to the $1.4650 high. The token still trades above $1.40 and the 100-hourly simple moving average.
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Key Technical Levels
On the upside, $1.4250 serves as the first resistance, followed by $1.4650 and then $1.50. A break above $1.50 would open the path toward $1.5250 and $1.550, with $1.60 as the next major target.
Should XRP fail to clear $1.4250, support sits at $1.40 and $1.3780. A close below $1.3780 could extend losses toward $1.3550 and $1.3220, with $1.30 as the last line of defense.
The hourly MACD is gaining momentum in bearish territory, and the RSI has dropped below 50 — both pointing to near-term downside risk.
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