XRP's price has extended recent losses, trading below the $1.350 mark. The digital asset is currently consolidating, facing immediate resistance near $1.3650 and $1.3760. This downturn follows a failure to maintain levels above $1.3880, mirroring broader market declines.
XRP is now positioned below $1.350 and its 100-hourly Simple Moving Average. A bearish trend line on the hourly chart presents resistance at $1.4250. Should XRP remain below $1.40, further downward movement is anticipated.
Immediate support is observed at the $1.3275 level. A break below $1.3200 could trigger a steeper decline, potentially targeting $1.3050 and the $1.30 zone. Conversely, clearing the $1.3750 resistance could lead to a test of higher levels, with major hurdles at $1.40 and $1.4250.
Technical indicators suggest a bearish outlook, with the MACD in negative territory and the RSI below 50.