XRP Eyes $1.34 Channel Support As Bulls Target $1.37 And $1.40 Rebound

XRP trades near $1.34 channel support, with $1.37 and $1.40 targets as RSI stays below 50 and MACD remains bearish.

XRP traded near $1.336 on the daily Bitstamp chart, as analysts watched the $1.34 rising channel support.

The level remains a short-term focus because buyers are targeting $1.37 and $1.40 if support holds.

XRP Holds Near $1.34 Channel Support

XRP stayed close to the $1.34 area during the latest daily session. The level sits near the lower side of a rising channel.

Ali Charts said, “The bottom of the rising channel at $1.34 is a potential buying zone.” The comment showed market focus on support.

If XRP holds this area, $1.37 is the first short-term target. A further move could place $1.40 in focus.

The setup still needs confirmation from price action. Buyers need a stable daily close above the support area.

A break below $1.34 could weaken the rebound setup. It may also shift attention toward the $1.30 support level.

Fibonacci Levels Keep XRP Resistance In Focus

The TradingView chart showed XRP below the Fibonacci level near $1.4655. This level now acts as key resistance.

XRP also remained below the 0.786 Fibonacci level near $1.8461. The loss of that zone showed weaker demand.

Immediate support sits around $1.30 on the daily chart. Lower support levels are near $1.25 and $1.20.

A daily close below $1.30 could increase selling pressure. It could also reduce the chance of a quick rebound.

For a stronger recovery, XRP needs to reclaim $1.4655. The next resistance levels sit near $1.8461, $2.1449, and $2.3548.

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MACD And RSI Show Cautious XRP Momentum

The MACD remained slightly bearish on the XRP/USD daily chart. The MACD line stayed below the signal line.

The histogram also stayed negative, which showed limited buyer strength. This signal kept traders focused on downside risk.

The RSI stood near 42.87 on the chart. It remained below the neutral 50 level.

XRP trades near $1.34 as momentum stays cautious, source: TradingView.

This RSI reading showed that XRP was not oversold. It also showed that sellers still held short-term control.

analysts are now watching $1.34, $1.37, and $1.40. A daily close may decide the next XRP price move.

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