XRP Drops Below $1.38 – Where Is the Last Line for Bulls?

XRP is falling again. This time it broke below $1.38, and it doesn't look like the bottom is in yet.  On the surface, this is a joint decline following Bitcoin and Ethereum, with technicals weakening. But what really matters is that XRP is testing a critical psychological and technical support zone – $1.35-$1.36. If that doesn't hold, there's no solid defense ahead. ## Technicals: Bears in Control On the hourly chart, XRP briefly stabilized near $1.3460, but the bounce was extremely weak. The price is now trapped below $1.38 and the 100-hour SMA, with a bearish trend line forming resistance at $1.3840. Simply put: $1.38 has flipped from support to resistance. Bulls need to reclaim this level to have any chance. ## Key Level: $1.35 Is the Line of Life If XRP continues lower, first support is at $1.3680, but the critical zone is $1.35-$1.3460 – the recent low and the last stand for bulls. A break below opens the door to $1.32 and possibly lower. On the flip side, if XRP can rally above $1.3840, the next target is $1.40. But given current momentum, that's a tough ask. Both MACD and RSI are in bearish territory, making any short-term bounce look like a bull trap. ## What Investors Should Watch Stop staring at $1.40 – that's a distant lighthouse. Right now, all eyes should be on whether $1.35 holds. If the price sees a volume-backed bounce near $1.35, there could be a short-term opportunity. But if it grinds lower on low volume or breaks on high volume, don't catch the falling knife – wait for $1.32 or even lower. Also, keep an eye on Bitcoin. XRP's decline is largely driven by the broader market. If BTC stabilizes, XRP has a foundation to bounce. Otherwise, an independent rally is unlikely. ## Conclusion XRP is in an awkward spot: heavy resistance above, open space below. $1.35 is the short-term line between bulls and bears. Below that, look for $1.32; if it holds, expect a grinding recovery. But don't bet on a V-shaped reversal – $1.40 has become the short-term ceiling. For holders, set a stop near $1.35. For sideliners, wait for a volume signal before entering – don't try to catch a falling knife.