XRP Teeters at $1.34 as Bulls Defend Critical Make-or-Break Level

▲ XRP (XRP)/ChatGPT-generated image

XRP is walking a precarious tightrope around the critical psychological support level of $1.34, standing at a decisive crossroads between further decline and a potential technical rebound.

According to cryptocurrency media outlet NewsBTC on February 13 (local time), XRP recently failed to break above the $1.45 resistance level and has since turned downward, threatening key support zones. Analyst Aayush Jindal noted that XRP has entered a technically bearish phase as it trades below $1.40 and the 100-hour simple moving average. The market is currently forming a downward trend line, struggling to find momentum for an upside breakout.

Technical indicators are heightening concerns over XRP’s short-term outlook. The price is at risk of breaking below the $1.335 level, the 61.8% Fibonacci retracement from the move between the $1.15 low and the $1.63 high, indicating that sellers have gained control of the market. The Moving Average Convergence Divergence (MACD) is strengthening its downward momentum in bearish territory, while the Relative Strength Index (RSI) remains below the baseline of 50, signaling intensifying selling pressure.

The final line of defense for XRP is the $1.32 support level. If this level fails to hold firmly, the price could quickly retreat to $1.25 and potentially revisit the $1.15 range. Should additional losses occur, the decline could extend to the psychological threshold of $1.10, significantly heightening investor anxiety.

On the other hand, for a bullish reversal to materialize, XRP must first reclaim $1.38 and break through the strong resistance wall at $1.42. Jindal explained that if XRP decisively surpasses the $1.45 resistance, it could gain fresh upward momentum toward $1.55, with a longer-term recovery potentially extending to the $1.62–$1.65 range. However, persistent selling pressure at each upper resistance level is making it difficult to secure sustained bullish momentum.

The XRP market is currently maintaining a fragile balance at a crossroads between a deeper downtrend and a technical rebound. Whether it can defend the critical psychological support level of $1.32 is expected to be the decisive factor determining its future price trajectory.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses resulting from its use. The content should be interpreted for informational purposes only.*