XRP Price Pushes Higher, Can Bulls Crack $1.40 Resistance?

XRP has initiated a notable price increase, surpassing the $1.3650 mark. The cryptocurrency is currently consolidating these gains and shows potential for further upward movement above the $1.40 zone. A steady upward trend was observed, pushing XRP above $1.380 and trading comfortably above $1.3550 and its 100-hourly Simple Moving Average. A significant bearish trend line resistance at $1.3350 was broken on the hourly chart. Sustainable settlement above $1.40 could fuel continued gains for XRP. The price experienced a strong upward push, breaking past the $1.3650 resistance and briefly reaching the $1.3880 zone. A high of $1.3963 was established before a minor pullback occurred. This dip saw the price briefly fall below the 23.6% Fibonacci retracement level of its recent upward move. However, XRP has recovered and is now trading above its 100-hourly SMA. Immediate resistance is anticipated near $1.3820, with the $1.3880 level serving as a more significant hurdle. Clearing $1.40 could lead to tests of $1.4250 and subsequently $1.4450, with $1.4650 being the next major obstacle. Conversely, a failure to overcome the $1.3880 resistance could trigger a fresh decline. Initial support lies around $1.3575. A break below $1.3330, which also represents the 61.8% Fibonacci retracement level, could send XRP towards $1.3080, followed by further support at $1.3020. A significant breakdown below $1.2750 would mark a substantial downside correction. Technical indicators suggest the MACD is losing momentum in the bullish zone, while the RSI remains above 50, indicating a generally positive, though consolidating, market sentiment.