XRP Price Maintains Momentum as Traders Anticipate Breakout Rally

XRP price failed to break past $1.4320 and began a downward correction, now holding above $1.3550. It is currently trading above $1.370 and its 100-hourly Simple Moving Average. A key contracting triangle is forming with resistance at $1.4080 on the hourly chart. The price could initiate another surge if it remains above $1.350. XRP dipped below $1.4050 and $1.40, entering a negative zone, aligning with Bitcoin and Ethereum's corrections. The price even fell below the 23.6% Fib retracement level of its recent upward movement. If an upward move occurs, XRP may face resistance near $1.4050 and the triangle's trend line. A significant resistance is at $1.4320, with potential for $1.450 and $1.50 if overcome. Conversely, failure to clear $1.4050 could lead to further declines. Initial support is at $1.370, followed by strong support at $1.3515. A close below $1.3515 might send the price towards $1.3080 or even $1.2620. The hourly MACD is losing bullish momentum, and the RSI is below 50.