{"id":30499,"date":"2024-12-23T04:08:29","date_gmt":"2024-12-23T04:08:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30499"},"modified":"2024-12-23T04:08:29","modified_gmt":"2024-12-23T04:08:29","slug":"xrp-price-at-risk-can-support-levels-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30499","title":{"rendered":"XRP Price at Risk: Can Support Levels Hold?"},"content":{"rendered":"

XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone.<\/em><\/p>\n

XRP price struggled to clear the $2.40 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 $2.25 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to move down if it stays below the $2.30 resistance.<\/p>\n

XRP Price Faces Resistance At $2.40<\/h2>\n

XRP price started a fresh increase from the $2.00 support level, unlike Bitcoin<\/a> and Ethereum<\/a>. However, the bears were active near the $2.38 and $2.40 levels. A high was formed at $2.38 and the price started a fresh decline.<\/p>\n

There was a move below the $2.30 and $2.25 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. There is also a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the XRP\/USD pair.<\/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 $2.25 level.<\/p>\n

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

The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.620.<\/p>\n

More Downsides?<\/h2>\n

If XRP fails to clear the $2.25 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level or the 61.8% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. The next major support is near the $2.050 level.<\/p>\n

If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 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 $2.120 and $2.050.<\/p>\n

Major Resistance Levels \u2013 $2.25 and $2.30.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone. XRP price struggled to clear the $2.40 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":30500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30499","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\/30499"}],"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=30499"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30500"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}