XRP price has held firm above the $1.4450 support zone following a downside correction from the $1.5074 high. The cryptocurrency is currently trading above its 100-hourly Simple Moving Average, suggesting underlying bullish structure remains intact despite the pullback.
Technical analysts note that a bullish trend line has formed with support at $1.4450 on the hourly chart, a level that has so far contained the correction. The failure to sustain above the $1.50 psychological resistance triggered the pullback, but buyers have defended the $1.4450 area, which corresponds to the 38.2% Fibonacci retracement of the recent upswing from $1.3785.
The price dipped below $1.4750 and $1.4650 during the correction, but has since stabilized. A settlement above $1.480 could trigger a fresh upward move, according to the analysis. The recent rally had seen XRP outperform both Bitcoin and Ethereum before encountering selling pressure near the $1.50 zone.
Traders are now watching whether XRP can reclaim the $1.48 level to confirm bullish continuation. A break below $1.4450 would invalidate the current bullish setup and could expose lower support levels. The consolidation phase suggests the market is digesting recent gains before deciding on the next directional move.
The 100-hourly SMA at $1.4450 remains a critical near-term support that could determine whether the corrective phase deepens or gives way to renewed upside momentum.