XRP price attempted a recovery above $1.90 but encountered resistance near $1.95, raising questions about whether bullish momentum can sustain further gains. The digital asset now trades above its 100-hourly simple moving average while forming a technical pattern that could determine its next directional move.
What Happened: Recovery Stalls
XRP price climbed from the $1.77 swing low, breaking through the $1.88 and $1.90 resistance levels in a move that mirrored broader cryptocurrency market strength.
The rally pushed prices above $1.942, reaching an intraday peak of $1.9578 before encountering selling pressure.
The subsequent correction brought prices below the 23.6% Fibonacci retracement level of the upward move from $1.770 to $1.9578. XRP currently trades above $1.90 and its 100-hourly simple moving average, with a declining channel or flag pattern forming on the hourly chart showing resistance at $1.940.
A sustained break above $1.9550 could push prices toward the $2.00 psychological level. Further gains would target resistance zones at $2.050, $2.120 and $2.150.
Also Read: Bulls Push Ethereum Above $2,950 As Momentum Faces Key Resistance Test
Why It Matters: Technical Crossroads
The current price action places XRP at a critical juncture where technical indicators suggest weakening bullish momentum.
The hourly MACD indicator shows declining pace in bullish territory, while the Relative Strength Index hovers near the 50 level, indicating neither overbought nor oversold conditions.
Failure to breach the $1.9550 resistance could trigger a fresh decline with initial support at $1.90.
A breakdown below $1.8650—the 50% Fibonacci retracement level—would expose the $1.8420 support, with further downside potentially extending to $1.80 and $1.7750.
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