$XRP #CryptoSurvivalGuide

XRP Price Retreats After Rejecting $1.55, Support at $1.34 in Focus

XRP faced renewed selling pressure after failing to clear the $1.55 resistance, mirroring pullbacks in Bitcoin and Ethereum. The token has since dropped below $1.45 and $1.48, entering a corrective phase that brought it under the 23.6% Fibonacci retracement level—calculated from the $1.1356 swing low to the $1.5435 high.

On the hourly chart, a declining channel has formed, with immediate resistance now resting at $1.43. XRP is trading beneath both $1.42 and the 100-hour simple moving average, signaling weakening short-term momentum.

Key Levels to Watch Upside
Should XRP attempt a recovery, the $1.43 channel resistance is the first hurdle. A clear break above $1.45 could open a path toward $1.50. Further strength beyond that level may lead to a retest of $1.545, with $1.625 and $1.72 emerging as subsequent upside targets.

Downside Risks Remain
Failure to reclaim the $1.50 zone could invite additional selling pressure. Initial support sits near $1.34—coinciding with the 50% Fib retracement—followed by a more critical floor at $1.30. A decisive breakdown below this level would likely accelerate losses toward $1.24, with the next major support zone around $1.20 and $1.15.

Technical Indicators Turn Bearish
The hourly MACD is deepening its position in negative territory, while the RSI remains below 50, reflecting deteriorating momentum. For now, XRP’s ability to hold above $1.32–$1.34 will be crucial in determining whether the correction deepens or a recovery takes shape.