XRP price surged above $1.420, briefly piercing $1.4650 before entering a corrective phase. The cryptocurrency is now trading above $1.40 and the 100-hourly Simple Moving Average, holding key technical support.
A break above the $1.420 bearish trend line initially signaled bullish momentum, but recent pullbacks have tested the $1.40 level. Further upside could target $1.4650, with potential next resistance at $1.50 and $1.550.
However, failure to sustain above $1.4250 may trigger a deeper correction. Immediate downside support lies at $1.3780, followed by $1.3220 and $1.30. Technical indicators show MACD in bearish territory and RSI below 50, signaling caution.
Bulls must defend $1.40 to maintain upward momentum.