Will XRP Price Hold $1.40 as MACD Turns Bearish in Descending Triangle?

XRP price hovered at $1.40 on Monday after a week of bullish trend. The token failed to sustain gains near recent highs. Momentum indicators were weak and the sellers slowly regained control. 

There were mixed signals in the wider crypto market, which contributed to uncertainty. 

The BTC price is trading under $78,000, following a rejection of weekly highs of about $79,485, earlier in the day. Ether price is floating around the price of 2300 as traders are awaiting the Aprill 28 FOMC meeting scheduled this week.

The four-hour chart of XRP Price action shows the existence of a descending triangle. This trend usually suggests a resumption of bearish pressure. XRP keeps on showing lower highs without breaking its support level. 

The $1.40 mark has become a key level in the recent sessions. Another breakdown risk is caused by repeated tests of this support.

The technical indicators support the pessimistic forecast. The MACD has moved below the signal, and this indicates a bearish movement. 

The bars of the red histogram indicate rising downside momentum. Meanwhile, the RSI has dropped to the lower half level. This action is an indicator of diminished purchasing power and less bullishness. Combined, these signs are an indication of possible downside in the short term.

Can XRP Defend the $1.40 Support Zone?

Failure of Ripple price to maintain above $1.40 can lead to rapid selling pressure. The second level of support is seen close to $1.38, where it had consolidated earlier. 

A price would fall below this area and may drive the price to $1.36. The $1.34 level could be revealed further with further bearish momentum accumulating.

Conversely, bulls have to re-take elevated positions to change the mood. The nearest resistance is at $1.43 and then there is a more significant resistance at $1.45. 

This higher level coincides with the downward trendline, and it becomes hard to break. Any upward move above $1.45 may open the way to $1.50. However, current signals do not strongly favor this scenario.

XRP ETF Inflows Hit $15.74M as Bitcoin Funds Lead With $824M Weekly Surge

XRP ETF products are experiencing consistent inflows with institutional interest in crypto exposure gaining momentum last week. Net inflows of $15.74 million were received in XRP-linked funds in the period.

Bitcoin ETFs were the top performers with inflows of 824 million a week. Ether funds raised with $155 million of new capital. Solana funds, too, recorded inflows of 9.44 million, which indicate widespread participation of investors.