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XRP price rejected at $1.35 resistance thrice, signaling bearish trend continuation.

Technical Signals
07 Apr 2026
Crypto news
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Bearish
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XRP price failed to break above the descending trendline resistance near $1.35 for the third time since late March, currently trading at $1.3184. This repeated rejection, combined with rising volume and negative MACD indicators, suggests bearish momentum is prevailing. Immediate support lies between $1.30 and $1.28, with a break below $1.28 potentially leading to a drop toward $1.15. A confirmed daily close above $1.35 is needed to shift the near-term bias upward. ETF outflows and rising short positions add downside risk, while upcoming regulatory decisions could influence the trend.

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