{"id":31188,"date":"2024-12-26T04:08:45","date_gmt":"2024-12-26T04:08:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=31188"},"modified":"2024-12-26T04:08:45","modified_gmt":"2024-12-26T04:08:45","slug":"xrp-price-momentum-stalls-bulls-fails-to-break-through","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=31188","title":{"rendered":"XRP Price Momentum Stalls: Bulls Fails to Break Through"},"content":{"rendered":"

XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support.<\/em><\/p>\n

XRP price is attempting a fresh increase above the $2.250 resistance zone.
\nThe price is now trading above $2.25 and the 100-hourly Simple Moving Average.
\nThere is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a decent increase if it clears the $2.30 resistance.<\/p>\n

XRP Price Fails Again<\/h2>\n

XRP price started a fresh increase above the $2.20 support level, like Bitcoin<\/a> and Ethereum<\/a>. There was a decent increase above the $2.25 and $2.30 levels.<\/p>\n

The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.<\/p>\n

The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance.<\/p>\n

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

Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.<\/p>\n

If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish 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 $2.240 and $2.210.<\/p>\n

Major Resistance Levels \u2013 $2.300 and $2.350.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming […]<\/p>\n","protected":false},"author":0,"featured_media":31189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-31188","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\/31188"}],"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=31188"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/31188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/31189"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}