Key Takeaways
- XRP is currently priced at $1.39, experiencing a 3.46% decline over 24 hours
- The asset is finding support near the $1.40 threshold following recent downward pressure
- A successful breach of the $1.45–$1.50 resistance zone could indicate renewed bullish momentum
- The Relative Strength Index stands at 46, indicating subdued buying pressure
- Failure to maintain support above $1.3850 may lead to further declines toward $1.3620
XRP is maintaining its position near a critical support threshold following a wave of selling activity. The cryptocurrency has retreated from its recent peaks and is now establishing a base around the $1.40 level.
As of this writing, XRP is changing hands at $1.39. The 24-hour trading volume stands at $3.16 billion, while the market capitalization reaches $85.87 billion, based on CoinMarketCap data. The digital asset has shed 3.46% of its value over the last day.
XRP recently managed to climb above the $1.41 and $1.42 levels before reaching a peak of $1.4650. Following this rally, profit-taking emerged, pushing the price back beneath $1.45 and $1.44.
The cryptocurrency dropped below the 61.8% Fibonacci retracement level measured from the swing low of $1.3612 to the swing high of $1.4650. Demand materialized around $1.3850, coinciding with the 76.4% Fibonacci level, preventing a more significant decline.
Cryptocurrency analyst BitGuru highlighted on March 24 that XRP is currently moving within what he identifies as a crucial accumulation zone. He observed that the price behavior follows a breakdown from a descending wedge formation and that XRP seems to be establishing support at $1.40.
Technical Signals Suggest Caution
The Relative Strength Index is hovering around 46, remaining beneath the neutral 50 threshold. This positioning indicates that bears maintain the upper hand in the current market environment.
XRP is currently positioned below its 20-day moving average of $1.41 and substantially beneath the 200-day moving average at $2.09. The moving average configuration displays a bearish alignment.
The MACD indicator shows flattened lines positioned in negative territory. Without a bullish crossover emerging, there’s no indication that momentum has transitioned to favor buyers.
Critical Price Levels for XRP
Looking at potential upside, immediate resistance emerges near $1.4250. Clearing this barrier would open the path toward $1.44, followed by $1.4650.
A decisive push above $1.4650 could set sights on $1.50, with $1.5250 as the next target. For any sustainable recovery, bulls must defend the $1.4250 level.
Should XRP struggle to gain upward traction, initial support waits at $1.40. Below that level lies $1.3850, followed by $1.3620.
A confirmed close beneath $1.3620 could drive the price toward $1.35 or potentially as low as $1.3320.
Market analyst Ali Charts shared on X that a significant trendline may present an attractive buying opportunity for XRP, identifying the present support area as a viable entry zone.
XRP remains positioned above both $1.40 and its 100-hourly Simple Moving Average, with price activity reflecting a cautious stance among market participants.
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