XRP Price Approaches $1.40 Resistance Amid Market Recovery

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

Should l Buy XRP?

Price Movement Analysis: XRP price approached the $1.40 resistance on Tuesday, trading near $1.39 after briefly hitting $1.41 earlier, indicating improved market sentiment towards risk assets.
Market Recovery Factors: The rebound in the crypto market was fueled by progress in U.S.-Iran peace negotiations, while oil prices pulled back below $90, despite ongoing geopolitical tensions in the Gulf region.
Technical Pattern Observation: XRP is forming a symmetrical triangle pattern on the daily chart, with a breakout above $1.45 validating the pattern and potentially driving prices towards the $1.90 region, while a breakdown below support could extend the consolidation phase.
Momentum Indicator Changes: Momentum indicators are tilting in favor of buyers, with the Supertrend flipping green to indicate a trend direction shift, and the MACD nearing a bullish crossover, suggesting that upward momentum could strengthen if confirmed.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.242	1.294	1.343	1.395	1.444	1.496	1.545
Fibonacci	1.294	1.332	1.356	1.395	1.433	1.457	1.496

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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