XRP Consolidates Near $1.38 as Bears Test Recovery Rally

Recovery Stalls at Technical Resistance

XRP rose from support near $1.345 and climbed above $1.36, reclaiming the 23.6% Fibonacci retracement level of its recent downswing from the $1.406 swing high. The pair is now trading below both $1.385 and the 100-hour simple moving average, signaling that the recovery rally has lost momentum.

Bears are active near the $1.375 zone, where a bearish trend line on the hourly chart has formed resistance. For the upside to extend, XRP would need to settle decisively above $1.383, which aligns with the 61.8% Fib level from the same downswing. Data is from Kraken.

Path Higher Requires Breakout Above $1.39

If buyers maintain control above $1.383, the next major resistance sits at $1.392. A close above that level could allow the pair to test $1.40 and eventually the prior swing high at $1.406. Beyond that, traders are watching $1.412 as a potential longer-term target.

Without a sustained break above $1.392, however, the downtrend that has defined the past several days may reassert itself. The 100-hour moving average remains a key barometer of near-term bias.

Why It Matters

For Traders

A break above $1.383 could trigger a test of $1.40; a rejection at $1.375 could accelerate downside back to $1.345 support.

For Investors

Short-term technical noise; no new on-chain or fundamental data affects XRP's longer-term positioning or network metrics.

For Builders

Intraday price action on a single exchange does not alter XRP's utility as a payments rail or its technical roadmap.