XRP Price Struggles as Bearish Pressure Mounts Below Key Resistance

The XRP market is entering a cautious phase as the token struggles to maintain its footing above key psychological and technical support levels. After failing to sustain its position above the $1.3420 zone, the price action is showing increasing bearish signs. This suggests that a deeper downside correction may be on the horizon if buyers fail to step in soon.

Technical Barriers and Resistance Levels

Following a failed attempt to hold ground near $1.3520, XRP has entered a localized decline, tracking similar movements seen in Bitcoin and Ethereum. The token is currently navigating a declining channel on the hourly chart, with immediate resistance forming at $1.3380. While XRP continues to trade above the 100-hour Simple Moving Average, it remains vulnerable. A failure to break back above $1.3420 could reinforce the current bearish trend and lead to further testing of lower price floors.

Crucial Support Zones to Watch

On the downside, the immediate focus for traders is the $1.320 level, with more significant support resting at $1.3150. Technical indicators further validate this cautious outlook, as the MACD for the XRP/USD pair is gaining pace in the bearish territory. Furthermore, the Relative Strength Index (RSI) has slipped below the neutral 50 mark. If the price closes below $1.3150, the market could see a continued slide toward $1.3050, or even a retest of the $1.2880 zone. To regain bullish momentum, the asset must decisively clear the $1.350 hurdle to signal a potential recovery.