The XRP market is showing mixed signals as bulls defend the critical $1.40 support, yet bears keep pushing the price below the $1.45 resistance. After successfully bouncing from $1.40 earlier this week, XRP broke out of a bullish pennant pattern on the daily chart, a classic buy signal that suggests an upward move could be in the cards. However, buying volume has remained thin, and the rally has yet to gain decisive momentum.
On the hourly timeframe, the picture is more cautious. XRP extended a decline below $1.4350 and the 100-hour simple moving average, with a low of $1.4109 recorded on May 14. A bearish trend line near $1.4520 is currently acting as strong resistance. A recovery above $1.4460–$1.4520 is needed for bulls to regain the upper hand, which would open the door to a retest of the $1.4880–$1.4950 zone.
Key technical levels: Immediate resistance lies at $1.4330 and $1.4460. A close above $1.4460 could fuel a push toward $1.4880 and ultimately the major resistance at $1.60. On the downside, a break below $1.4120 would expose the $1.4050 and $1.40 supports, with a deeper pullback possibly extending to $1.32.
Interestingly, the weekly MACD histogram is still printing higher highs, maintaining a bullish bias that supports the scenario of higher prices if bulls finally commit. For now, XRP is trapped in a tug-of-war between the $1.40 base and the $1.45 ceiling. A breakout above $1.60 would confirm a new leg toward $2, while a loss of $1.40 could accelerate losses.
