XRP Risks Drop Below $1.38 After Failed Recovery
XRP failed to recover above $1.422 after breaking below a bullish trend line, with the hourly RSI dropping below 50 as momentum weakens across major tokens.
Key Takeaway
XRP needs to reclaim $1.412 and close above $1.420 or risks sliding toward $1.380 support.
XRP broke below a bullish trend line at $1.405 and failed to recover above $1.422, triggering a decline below $1.412.
The price started falling from $1.438 after bulls lost control. A recovery attempt stalled near $1.422 before sellers pushed XRP below the 50% Fibonacci retracement level of the upward move from the $1.3838 swing low to the $1.4372 high. The hourly MACD is gaining pace in the bearish zone while the relative strength index dropped below 50, signaling weak momentum.
Bitcoin and Ethereum both failed to sustain recovery waves during the same period, suggesting broad weakness across major tokens. XRP now trades below its 100-hour simple moving average, with Kraken data showing the pair testing downside support levels.
Resistance sits at $1.412, the first barrier bulls need to reclaim. A close above $1.420 could push XRP toward $1.438, with the next hurdle at $1.450. Breaking above that level might open the path to $1.484 resistance, with further gains potentially targeting $1.520 and $1.555.
On the downside, initial support appears near $1.3965, the 76.4% Fibonacci retracement level. The next major floor sits at $1.380. A close below that zone could accelerate losses toward $1.362, with further downside potentially reaching $1.345 and $1.320 if selling pressure continues through March 26, 2026.
This article was written based on reporting from NewsBTC.
