XRP Stalls at $1.4 as Retail Investors on Edge Over Sharp Plunge

▲ XRP / AI-generated image

XRP has failed to reclaim the psychological threshold of $1.4, standing at a crossroads for further decline.

According to crypto-focused outlet NewsBTC on February 24 (local time), XRP failed to secure support above $1.4 and moved in tandem with the downward trend of major assets such as Bitcoin (BTC) and Ethereum. The price successively lost support at $1.3810 and $1.3650, slipping into a short-term bearish zone and plunging to a low of $1.33. XRP is currently struggling below the 23.6% Fibonacci retracement level measured from the $1.4641 high to the $1.33 low.

Market analysts suggest that even if XRP manages a short-term rebound, it is likely to encounter initial resistance around $1.3620. In particular, $1.3810 is acting as a key resistance level, and a break above $1.4120—considered the pivotal threshold in the current downtrend—is required before a meaningful recovery can be discussed. On the hourly chart, a descending trendline formed near $1.4250 is also identified as a major obstacle preventing bullish momentum.

Technical indicators are tilting toward the possibility of further declines, showing that selling pressure remains strong. XRP is currently trading below the 100-hour simple moving average, while the MACD is accelerating in bearish territory. The Relative Strength Index has also fallen below 50, indicating weakened buying sentiment, making the defense of the $1.3320 and $1.33 support levels an urgent priority.

If XRP fails to defend the $1.33 support and closes the week below it, the price faces a heightened risk of further decline to $1.3120 and potentially down to the $1.30 level. Should the $1.30 support also collapse, the downtrend could accelerate, expanding downside pressure toward the $1.2840 zone. Only by breaking out of the descending channel and stabilizing above $1.4250 can XRP secure fresh upside momentum toward $1.45.

Currently facing the dual challenges of technical resistance and low liquidity, XRP is undergoing a painful process of searching for new direction. Unless it decisively breaks above the $1.4120 resistance zone, market pessimism is expected to intensify, and investors are advised to adopt conservative risk management strategies in preparation for potential further declines. Close monitoring of key support levels and trading volume changes is essential to confirm signs of market recovery.

*Disclaimer: This article is for investment reference only and we are not responsible for any losses incurred based on it. The content should be interpreted solely for informational purposes.*