XRP Drama: Price Dips, Hovers Near $1.42-What Happens Next?

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Dear diary, XRP has decided to turn the market into a soap opera. It flirted with resilience, but then slid below $1.450 and is now brooding around the sofa of support at $1.420 and $1.4370. Much more dramatic than my love life, I assure you.

  • XRP price started another decline and traded below the $1.3550 zone.
  • The price is now trading below $1.350 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $1.420 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it stays below $1.450.

XRP Price Dips Again

XRP failed to stay above $1.4850 and kept sliding, proving it’s more dramatic than Bitcoin and Ethereum combined. It dropped under $1.4650 and $1.450, entering a short-term bearish mood-think of it as a mood ring that only recognizes red.

The price even extended losses below $1.4250. A low was formed at $1.3917, and it’s now consolidating losses. There was a tiny uptick toward the 23.6% Fib retracement of the move from the $1.510 swing high to the $1.3917 low-a reminder that even Fibonacci loves a plot twist.

The price is still below $1.4250 and the 100-hourly Simple Moving Average. If there’s a fresh recovery, don’t get your hopes up too high-the resistance could be near $1.420. And yes, that bearish trend line with resistance at $1.420 on the hourly chart isn’t there for decoration.

The first major resistance sits near $1.4370 or the 38.2% Fib retracement of the downward move from $1.510 to $1.3917. The main resistance could be $1.4650. A close above $1.4650 could send the price to $1.4820. The next hurdle is at $1.4880. A real break above $1.4880 might launch XRP toward $1.50, and heaven forbid, maybe even toward $1.5150.

More Losses?

If XRP fails to clear the $1.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.40 level. The next major support is near the $1.3840 level.

If there is a downside break and a close below the $1.3840 level, the price might continue to decline toward $1.3650. The next major support sits near the $1.350 zone, below which the price could continue lower toward $1.3220.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.4000 and $1.3840.

Major Resistance Levels – $1.4200 and $1.4370.

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2026-04-20 07:16