XRP price has climbed above $1.36 and found support near $1.3450, staging a short-term recovery. However, the move has stalled as sellers remain active around the $1.3750 zone.
The token now trades below both the $1.3850 mark and its 100-hourly Simple Moving Average. A bearish trend line forming with resistance at $1.3760 on the hourly chart signals continued downward pressure.
Key technical levels are in focus: the $1.3830 area acts as immediate resistance, coinciding with the 61.8% Fibonacci retracement of the recent decline. A decisive break above that could trigger further upside.
On the downside, the $1.3460 swing low serves as critical support. A loss of that level would likely confirm a resumption of the broader downtrend that followed the recent high at $1.4060.
Market observers are watching whether XRP can clear the trend line and $1.3830 resistance in the coming sessions. Failure to do so would suggest sellers retain control.