XRP Faces Renewed Downtrend as $1.4 Resistance Holds
XRP resumed a bearish bias after sellers defended the $1.4 resistance, leaving price struggling around $1.35 and at risk of retesting $1.28 and then the key $1 support. Two weekly red candles indicate sellers currently control momentum. Daily and 3-day MACD show early bullish signs — the histogram has made higher lows and a 3-day bullish cross could open a relief rally if bulls reclaim $1.4 as support. Critical levels for traders: support at $1 (major), secondary support near $1.2–$1.28; resistance at $1.4. Short-term outlook: bearish until $1.4 is decisively flipped to support or a bullish 3-day MACD confirms momentum shift. Watch open interest, large transfers, and ETF-related inflows as catalysts that could amplify moves.
Bearish
The article emphasizes sellers defending $1.4 and two consecutive weekly red candles, indicating seller dominance and a negative price structure. Key technical evidence: failure to hold above $1.35, risk of retest to $1.28 and the critical $1 support. Although the MACD on daily and 3-day charts shows early signs of a potential bullish reversal (higher lows on the histogram and possible 3-day crossover), these are conditional signals that require confirmation — specifically a flip of $1.4 into support. Historically, similar scenarios (failed retests of resistance with consecutive weekly losses) have led to accelerated selling toward major support levels, increasing volatility and short-term downside risk. For traders, this implies a higher-probability short or hold-cash stance until a confirmed bullish signal (3-day MACD cross plus reclaimed $1.4) appears; conversely, a confirmed bullish reversal could prompt a relief rally and short-covering. Monitor derivatives open interest, ETF flows, and large on-chain transfers as potential catalysts that can either exacerbate downside or fuel a rapid recovery.