XRP (XRP) fell below $1.50 to hit a low of $1.4437 after failing to hold above $1.60, tracking broader declines in Bitcoin (BTC) and Ethereum (ETH), with the token now consolidating above its 100-hourly Simple Moving Average as traders watch key resistance at $1.520 and support near $1.4720 for the next directional move.
What Happened: XRP Tests Lower Levels
The token dropped through $1.550 and $1.520 in rapid succession before extending losses below the $1.50 mark. Data shows the XRP/USD pair formed a short-term bullish trend line with support at $1.4720 on the hourly chart.
A minor recovery pushed the price above the 23.6% Fibonacci retracement level of the move from the $1.6713 swing high to the $1.4437 low. The token now trades above $1.450.
Resistance sits at $1.5150 and $1.520, with a close above the latter potentially opening the path to $1.550 and the 50% Fibonacci retracement level. Beyond that, $1.5840 and $1.620 remain the next barriers.
On the downside, a failure to clear $1.520 could trigger a fresh decline toward $1.460 and the trend line. A break below $1.440 would expose $1.380 and potentially $1.350.
The hourly MACD is losing momentum in bearish territory, while the RSI remains below the 50 level.
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Why It Matters: Technical Signals Point Both Ways
The confluence of a bullish trend line and bearish momentum indicators places XRP at a decision point. The 100-hourly Simple Moving Average is holding as support for now, but the RSI reading below 50 suggests sellers still control the short-term direction.
The $1.520 level has emerged as the line that separates a potential recovery toward $1.650 from a deeper correction to $1.3250. How the token resolves this range will likely set the tone for the coming sessions.
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