XRP, $1.4 Collapse...Now Even $1.35 Support Line 'Emergency' Defense

▲ XRP/ChatGPT generated image

XRP has given up the $1.4 support line and is now at risk of transitioning into a short-term downtrend.

According to crypto media outlet FXStreet on April 28 (local time), XRP has fallen below the psychological resistance level of $1.4, reversing its recent upward trend. The price drop is accompanied by weakening buying interest and deteriorating technical indicators. Investors are focusing on whether a key support line can be secured to prevent further declines.

The Relative Strength Index (RSI) is currently charting a downward curve, suggesting strengthening selling pressure. XRP's price is facing downward pressure, being blocked by resistance around $1.45. If the support level around $1.35 breaks, further declines could extend to the $1.2 level. Market sentiment has also returned to a cautious phase.

Auxiliary indicators such as the Moving Average Convergence Divergence (MACD) are also warning of a potential bearish reversal. Currently, XRP is trading below its major moving averages, indicating short-term trend weakness. Santiment data shows a slight increase in XRP supply on exchanges, forming a potential sell wall. Profit-taking movements by whale investors are also being observed.

U.S. President Donald Trump's foreign policy and macroeconomic uncertainties are putting pressure on the overall market. President Trump recently mentioned changes in geopolitical situations, stimulating market volatility. Bitcoin (BTC)'s price correction is also acting as a factor hindering XRP's rebound. Investors are focusing on risk management and adopting a conservative stance.

For XRP to halt its decline, it must quickly reclaim the $1.4 level. Without decisive intervention from buyers, the downtrend is likely to deepen. Market participants are closely watching the price's defensive capability at the $1.35 support zone and preparing future response strategies. Price volatility is expected to increase for the time being, requiring caution.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*