XRP Tests $1.40 Resistance After Breakout, Holds Above Key SMAs as Analysts Urge Caution

XRP tested the $1.40 resistance zone after a short‑term breakout above a descending trend line, peaking at $1.3963 before pulling back and holding above the 100‑hour simple moving average, suggesting renewed short‑term bullish momentum ^{[1] [2]}.

Market participants noted a recent rally from around $1.30 to roughly $1.38, a move that coincided with macro headlines cited by some outlets; the price crossed the 50‑hour SMA near $1.3354 as long liquidations over 30 days exceeded short liquidations ($39.8 million vs. $19.7 million) and the 30‑day funding rate remained slightly negative (-0.000007) ^[3].

Analysts cautioned that, despite the break of key resistance levels and increased buying pressure, it is premature to declare a sustained trend reversal, and several commentators noted XRP remains confined to a broad trading range even as infrastructure and market developments continue to draw attention ^{[4] [5] [6]}.

Immediate technical focus remains on the $1.38–$1.40 area as the decisive level for near‑term direction; observers say confirmation of a durable uptrend will depend on a clear breakout and follow‑through above that zone ^{[1] [2] [4]}.