{"id":27141,"date":"2024-12-10T04:08:41","date_gmt":"2024-12-10T04:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27141"},"modified":"2024-12-10T04:08:41","modified_gmt":"2024-12-10T04:08:41","slug":"xrp-price-eases-gains-eyes-on-the-critical-2-threshold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27141","title":{"rendered":"XRP Price Eases Gains: Eyes on The Critical $2 Threshold"},"content":{"rendered":"

XRP price failed to extend gains above the $2.40 zone. The price is down over 10% and might even decline toward the $2.00 support zone.<\/em><\/p>\n

XRP price started a downside correction from the $2.50 resistance zone.
\nThe price is now trading below $2.30 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2.26 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if it clears the $2.32 resistance.<\/p>\n

XRP Price Dips Again<\/h2>\n

XRP price failed to start a fresh increase above the $2.50 resistance zone. It started a fresh decline below the $2.35 level like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $2.30 and $2.25 levels.<\/p>\n

The price even dived below the $2.20 support. A low was formed at $1.989 and the price is now correcting some losses. There was a move above the $2.20 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.64 swing high to the $1.98 low.<\/p>\n

The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.250 level.<\/p>\n

There is also a connecting bearish trend line forming with resistance at $2.26 on the hourly chart of the XRP\/USD pair. The next resistance is at $2.30 or the 50% Fib retracement level of the downward move from the $2.64 swing high to the $1.98 low. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance.<\/p>\n

<\/a><\/p>\n

Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.550.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.00 level.<\/p>\n

If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.880 support. The next major support sits near the $1.750 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $2.0500 and $2.0000.<\/p>\n

Major Resistance Levels \u2013 $2.2500 and $2.3000.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price failed to extend gains above the $2.40 zone. The price is down over 10% and might even decline toward the $2.00 support zone. XRP price started a downside correction from the $2.50 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":27142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27141"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27141"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27142"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}