XRP Fails to Overcome Major Resistance, Faces Risk of Further Plunge... When Will it Break the $1.5 Mark?

▲ XRP

After XRP failed to break through a major resistance level, it is retesting the $1.42 support level, standing at a critical juncture between further decline and a rebound.

According to crypto media outlet NewsBTC on April 22 (local time), XRP recently failed to defend the $1.45 level and showed a downward trend, continuing a relatively sluggish performance compared to Bitcoin (BTC) or Ethereum. On hourly charts, the upward trend line in the $1.4240 range broke down, entering a short-term bearish phase. The current price formed a short-term low at $1.4125 and is showing sideways movement to recover losses, but it is trading below the 100-hour simple moving average, facing pressure.

Technical analyst Aayush Jindal diagnosed that a full recovery for XRP would only be possible if it overcomes the resistance barriers formed at $1.4375 and $1.4450. In particular, $1.4375 is intertwined with the 50% Fibonacci retracement level of the recent decline, making it a key indicator for determining short-term direction. If XRP succeeds in settling above $1.4450, it would establish a foothold to extend its upward movement past $1.4620, towards psychological highs of $1.50 and $1.5150.

Vigilance against further downside risks cannot be relaxed. Senior market expert Jindal analyzed that if XRP fails to break through the $1.4375 resistance zone, new selling pressure could enter, intensifying downward pressure. The current primary support level is formed at $1.4120, and if even this line breaks, the psychological last stand of $1.40 would be threatened. If the closing price forms below $1.40, the decline could deepen past $1.3840 and $1.3650, reaching $1.3440.

Auxiliary market indicators also support a short-term bearish trend. The hourly Moving Average Convergence Divergence (MACD) is currently accelerating its decline within the bearish zone, and the Relative Strength Index (RSI) remains below the baseline of 50, indicating weakened buying power. Investors are closely watching whether the price establishes a stable support base around $1.4120 and sends a rebound signal. Movements testing resistance levels without accompanying trading volume could lead to false breakouts, requiring caution.

The XRP ecosystem is undergoing an independent price correction phase, failing to capitalize on Bitcoin's rally. The $1.40 level acts as a strong downward support for the market and a psychological defense line for investors, and is expected to be a critical turning point that will determine its trajectory over the next few weeks. The current liquidity supply situation across virtual assets and changes in broader investment sentiment are acting as variables in whether XRP can break through resistance. Market participants are focusing on whether key support levels can be defended and are contemplating their response strategies.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*