"XRP extends losses after dropping below $1.40…tests $1.33 support"

XRP has failed to hold above $1.40 and is extending its decline.

According to NewsBTC on the 22nd (local time), XRP slipped into a short-term bearish zone after breaking below the $1.38 and $1.3650 support levels in succession, alongside weakness in Bitcoin (BTC) and Ethereum (ETH).

The price then fell below $1.35 and formed a low at $1.33. It is currently maintaining a bearish bias below the 23.6% retracement level of the downswing from the $1.4641 high to the $1.33 low. It is also trading below the 100-hour simple moving average (SMA) and under $1.3650, suggesting overhead resistance on any near-term rebound.

NewsBTC noted that $1.3620 is acting as immediate resistance, with the first key resistance seen near $1.3810. The pivotal resistance is $1.4120, which it said coincides with the 61.8% Fibonacci retracement of the same decline. On the hourly chart, a downward trendline is forming at $1.4250, and a close above that level would open the door to a rebound toward $1.45 or higher.

Conversely, if XRP fails to clear the $1.4120 resistance, further downside may follow. On the downside, $1.3320 and $1.33 are the first lines of defense; if that area gives way, the price could slide to $1.3120, and further to $1.30 and $1.2840.

Technical indicators also point to weakness. On the hourly timeframe, the MACD is gaining bearish momentum, while the RSI is also moving below the 50 level. In the near term, direction is expected to hinge on whether $1.33 holds as support and whether the $1.3810–$1.4120 resistance band is breached.