According to BroadChain, at 14:46 on April 22, as reported by NewsBTC, the XRP price initiated a rebound after finding support above $1.3920 and is currently trading above $1.42 and the 100-hour moving average. On the hourly chart, XRP/USD has formed an ascending channel, with support near $1.4190.
If the price can effectively break through and stabilize above the $1.4650 resistance level, it may further test the $1.49 and $1.50 thresholds, with stronger resistance located at $1.5180. However, bears are active near the $1.45 area, and the hourly MACD indicator shows that bullish momentum is weakening.
If the price fails to break through the $1.4650 resistance zone, a new round of decline may begin. Initial support is at $1.42, with key support at $1.40. A break below $1.40 could lead the price to continue falling towards the $1.3750 and $1.3620 areas.