XRP Price Roars Back? Bulls Chase a Sneaky Upside Break

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XRP price slipped and extended losses, dipping below $1.5320, like a shy dragon retreating to its smoky cave. Now it tiptoes to recover, but the ladders to $1.6250 and $1.6500 are slippery with banana-peel luck.

  • The price woke up from the $1.5250 zone, starting a recovery wave that flickered like a firefly in a candy shop.
  • It’s currently trading below $1.6220 and the 100-hour Simple Moving Average, hiding behind the data curtain.
  • A cheeky bearish trend line is sketching a resistance at $1.6250 on the hourly XRP/USD chart (Kraken data, for all the sleepy statisticians).
  • If it stays under $1.6350, the pair could likely wobble south again.

XRP Price Recovery Faces Hurdles

XRP couldn’t keep its hat perched above $1.550 and slid down the chimney, much like Bitcoin and Ethereum. It dropped below $1.5250 and $1.520, slipping into a short-term bearish nook.

The price even zapped below $1.5120. A dainty low of $1.50 formed, and now it’s trying to scrape a recovery. There was a flirtation with $1.550 and a poke at the 23.6% Fib retracement from $1.93 down to $1.50, but the magic fell short.

Right now it is below $1.6220 and the 100-hour SMA. If a fresh upward wobble appears, expect resistance near $1.6220. There is also the dreaded bearish trend line with resistance at $1.6250 on the hourly XRP/USD chart.

The first grand hurdle sits at about $1.650. A close above $1.650 could launch the price to $1.7190 or the 50% Fib retracement from the $1.93 swing high to the $1.50 low. The next goblin-guarded post is at $1.770. A clear hop above $1.770 could nudge toward $1.80, then maybe to $1.8250. The next big barrier for the bulls might be near $1.850.

Another Drop?

If XRP fails to clear the $1.6250 resistance, it could start a fresh tumble. Initial support on the downside is near $1.550. The next major support sits near $1.5250.

If there is a downside break and a close below $1.5250, the price might continue toward $1.50. The next major support sits near the $1.4650 zone, below which the price could creep toward $1.450.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is yawning in the bearish cave, losing pace.

Hourly RSI – The RSI for XRP/USD has climbed a little above the 50 mark, a hopeful glint in the eye.

Major Support Levels – $1.550 and $1.5250.

Major Resistance Levels – $1.6250 and $1.650.

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2026-02-04 07:34