XRP price has climbed steadily above the $1.40 mark, reaching as high as $1.4148 before entering a consolidation phase. The cryptocurrency is now trading above the 100-hourly Simple Moving Average, signaling near-term bullish sentiment.
The rally follows a broader uptick alongside Bitcoin and Ethereum, with XRP breaking through the $1.3880 and $1.3920 resistance levels. A bullish trend line has formed on the hourly chart, with support at $1.3920.
If the price sustains above $1.40, the next major hurdle lies at $1.4150, followed by the psychologically key $1.42 zone. A decisive close above this level could open the path to further gains.
However, failure to breach $1.42 may lead to a pullback toward the $1.3920 support or lower. The 23.6% Fibonacci retracement level of the recent upswing from $1.3460 to $1.4148 provides nearby technical support.
Traders remain cautious, as a move below $1.3920 would break the bullish trend line and likely trigger a steeper decline. The market is watching volume closely for confirmation of the next directional move.