
XRP Stalls at $1.34 Despite Smart Contracts, Stablecoin Launch
XRP faces resistance at $1.3480 after forming a low at $1.32, with analysts pointing to institutional capital as the missing catalyst for a sustained price recovery.
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XRP faces resistance at $1.3480 after forming a low at $1.32, with analysts pointing to institutional capital as the missing catalyst for a sustained price recovery.

Six months after October's ₱1.14 trillion ($19 billion) deleveraging event, XRP and Solana liquidity has flatlined while Bitcoin's market depth recovered to ₱358.51 million ($6 million). The October 10 crash liquidated overleveraged positions and exposed structural weaknesses in XRP's market maker model.

Dark Defender outlined four upside targets based on Fibonacci extensions, with the final projection targeting $5.85 at the 261.08% extension—representing a more than 350% gain from current levels.

XRP broke above a key trendline at $1.3550 but failed to hold momentum near $1.36. The RSI slipped below 50 as the token consolidates after a brief recovery from $1.32.

Crypto analyst CasiTrades identified bearish divergence on the RSI and projected an extended crash bringing XRP below $1.00, with downside targets at $1.13 and $1.08. Bulls need to reclaim $1.40 to invalidate the bearish scenario.