XRP Eyes $1.33 Rebound as Key Resistance Looms

XRP has fallen below $1.33 following a sharp decline on Thursday, shifting that level into a key resistance zone for short-term price action.

According to blockchain media The Crypto Basic, XRP dropped 9% within a day due to the failed passage of the Clarifying Law, pushing the daily chart below the cloud in Ichimoku indicators. Current trading is near $1.28, just above the 0.5 Fibonacci retracement level at $1.2950.

Market attention now centers on whether XRP can hold $1.2950 and subsequently reclaim $1.33. Technical indicators show continued pressure as XRP trades below both the upper and lower boundaries of the Ichimoku cloud, with leading spans at $1.3850 and $1.3426.

While short-term momentum appears bearish, longer-term trends may still offer potential for a rebound if the cloud narrows soon. To trigger this, XRP must first regain the $1.3426 leading span B level to re-enter the cloud zone.

Resistance levels above include $1.3426, $1.3802 (a 0.618 Fibonacci retracement), and $1.3999, with a strong resistance band between $1.38 and $1.40. The next major resistance is at $1.4900.

On the downside, holding $1.2950 is critical; if broken, support could shift to $1.1815 (next Fibonacci level), with further downside toward $1.1230 (0.236 retracement). The market believes buying pressure must defend near $1.2950 to maintain technical structure.

Directional movement indicators show mixed signals, with the Average Directional Index at 35.28—above the typical 25 threshold for meaningful trends—but the +DI (25.41) remains higher than -DI (17.18), suggesting continued upward pressure despite recent volatility.