Overview
- XRP is trading in a compressed $1.35–$1.38 band on Friday with the lower boundary at $1.35 serving as the immediate support and a contracting‑triangle resistance near $1.380–$1.384 capping upside.
- If price fails to hold $1.35, technical reads point to immediate supports around $1.360 and $1.358 and then a drop toward $1.340–$1.325 where short‑term bids thin out.
- A sustained close above about $1.384 would target $1.394 first and then higher targets near $1.420 and $1.448 if momentum follows through.
- Daily exponential moving averages from the 10‑ to 200‑day sit above the price and keep the longer‑term trend bearish while hourly indicators show a weakening MACD and an RSI slightly above 50, creating a mixed short‑term picture.
- The current squeeze follows the late‑April break below $1.40 that turned that level into resistance and has left traders watching short‑term triggers with recent realized losses and thin nearby support increasing the risk of quick, forced selling.