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XRP price is holding near a key short-term support zone after failing to sustain momentum above $1.37. The token is trading above the 100-hour simple moving average, while traders watch whether buyers can defend the $1.3280 area and build a fresh move higher.
At the same time, market analysts remain split on XRP’s next direction. Short-term charts show pressure after a triangle breakdown, while long-term channel analysis points to a possible recovery if XRP keeps its broader support structure.
XRP started a downside correction after reaching a recent high near $1.3741. The move followed a failed attempt to stay above the $1.3720 zone, which kept resistance near $1.3740 in focus. However, the price remains above $1.350 and the 100-hour simple moving average.
The hourly chart shows a bearish trend line with resistance near $1.3650. A clear move above that level could open the way for another test of $1.3740. If XRP settles above $1.3750, the next resistance areas sit near $1.3880, $1.40, $1.420, and $1.450.
Support remains the main level to watch. Initial support is near $1.3370, followed by the stronger $1.3280 zone. That area also matches the 61.8% Fibonacci retracement of the move from $1.3001 to $1.3741. A daily close below $1.3280 could expose XRP to $1.3175, $1.3120, and possibly $1.3050.
Meanwhile, technical indicators show mixed but improving signals. The hourly MACD is gaining pace in the bullish zone, while the RSI remains above 50. These readings suggest buyers still have a short-term base, though resistance above $1.3650 remains active.
Crypto analyst Ali Martinez shared a more cautious view after XRP moved below a rising support line on the daily chart. The setup followed weeks of compression inside a symmetrical triangle that formed between March and May.
Martinez said, “XRP is breaking out.” He also stated that XRP had “breached the rising trend line of a symmetrical triangle on the daily chart.” His chart showed XRP slipping below the $1.36 area before trading near $1.33.
The analyst added, “A spike in selling pressure could push XRP to a target of $1.14.” That level matches the lower support region shown on the chart near $1.137. It also marks the next major downside zone if sellers keep control.
However, Korean analyst Ninedex presented a broader bullish view based on XRP’s multi-year ascending channel. He noted that XRP remains inside the middle section of the long-term channel, despite falling nearly 13% from its May 14 high near $1.54.
Ninedex said XRP still follows a long-term capital expansion pattern. According to his chart, XRP has respected the same broad channel structure since it began trading in 2013. The token moved from the lower section into the middle section during the 2017 rally.
The analyst said XRP’s ability to hold the middle channel keeps the broader setup intact. He linked the current support area to the Fibonacci 0.382 zone near $1.40, which he described as one of XRP’s strongest long-term support regions.
Ninedex also pointed to improving weekly indicators. He noted that the stochastic indicator rebounded from rare oversold levels, while the MACD formed a golden cross on the EMA lines. Additionally, the oscillator moved back into positive territory.
Based on that structure, Ninedex set $5 as his main XRP target. However, he said XRP still needs to break above the $2 resistance area before it can push toward the upper part of the middle channel. He also said a stronger overshoot, similar to 2018, could send XRP toward $20 if the price enters the upper channel again.
Also Read: Why XRP Price Remains Flat Despite Ripple’s Expanding Institutional Deals
