XRP Slumps Toward $1.50 as Short-Term Signals Turn Bearish

Overview

• XRP trades below $1.60 and the 100‑hour SMA with a bearish MACD, facing an hourly trend‑line cap near $1.65 on Kraken data.
• Price tagged an intraday low near $1.50 after a 13%–15% weekly drop, consolidating beneath immediate resistance at $1.60.
• Key downside levels sit at $1.540 and $1.5150, and a close below $1.5150 raises risk toward $1.50, then $1.465–$1.420.
• On the higher timeframe, the monthly close held around the 33‑EMA near $1.60 after a wick to $1.50, which some see as preserving structure.
• Analysts proposing a bullish roadmap cite staged targets from $3.50 to above $10 with a stated invalidation at a weekly close below $1.30, and some have placed limit buys around $0.80–$0.70 for potential liquidity sweeps.