Is XRP Headed to the Abyss? Price Dips as Bears Tighten Their Grip

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Alas, poor XRP! It had dreams of grandeur above $1.3950, but alas, those dreams have crumbled like a stale biscuit. Now, it clings to $1.3680, but the outlook is not promising-could it be headed for even darker days?

  • XRP price, ever the optimist, began its journey downward after a failed attempt to hold above $1.4050.
  • Now, it’s lounging near $1.3720, and for reasons known only to the crypto gods, it’s also hanging around the 100-hourly Simple Moving Average. How charming.
  • A new bearish trend line has appeared, with a rather unfriendly resistance at $1.3910 on the hourly chart of XRP/USD (courtesy of Kraken, naturally).
  • If the price manages to cling to $1.3680 like a desperate lifeline, there might be a faint hope of an upward bounce. But we wouldn’t bet on it.

XRP Price, The Tale of Disillusionment

XRP’s valiant attempt to stay above $1.4120 was a short-lived affair, much like a romantic comedy where the leads can never quite get it together. Down it went, following in the proud footsteps of Bitcoin and Ethereum.

It dipped below the $1.4050 and $1.4020 levels, tumbling into what the professionals call “the negative zone.” How utterly tragic.

It even breached the 50% Fibonacci retracement level of the upward move from $1.3217 to $1.4430, which is just as exciting as it sounds. And if that wasn’t enough, a new bearish trend line has begun to form, with resistance sitting smugly at $1.3910. At least someone’s having a good time.

The price now lingers near $1.3720 and the 100-hourly Simple Moving Average-almost as if it’s trying to figure out what went wrong. A fresh upward move, if it happens (don’t hold your breath), could hit resistance at $1.3840. The first proper obstacle is the $1.3920 mark, and from there, if the stars align, maybe even a test of $1.40.

Now, if XRP somehow surmounts the $1.40 resistance, it could reach for the stars, or at least the $1.4140 mark. Beyond that? Well, maybe $1.4250, if you’re feeling optimistic. The bulls might eventually see $1.450 if they’re feeling particularly audacious.

Will It End in Tears?

If XRP fails to overcome the formidable $1.40 resistance (as it seems destined to do), then brace yourselves for more downward action. Initial support rests at $1.370, with the next key level at $1.3680, lurking ominously around the 61.8% Fibonacci retracement. Not exactly where you’d want to camp out if you’re rooting for the bulls.

Should a break below $1.3680 occur, we could see XRP meandering toward $1.340, followed by the haunting $1.3250 level. From there, it’s anyone’s guess, but $1.3120 or even $1.3050 could soon appear in the distance like an unavoidable fate.

Technical Indicators

Hourly MACD – A full-fledged bearish momentum now occupies the XRP/USD pair, and it’s in no rush to leave.

Hourly RSI (Relative Strength Index) – The RSI sits comfortably below 50, confirming all those doubting the crypto’s prospects.

Major Support Levels – $1.3680 and $1.3250 (try not to get too attached).

Major Resistance Levels – $1.3910 and $1.4000 (they’re practically mocking us now).

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2026-03-12 07:53