{"id":34318,"date":"2025-01-09T04:08:16","date_gmt":"2025-01-09T04:08:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=34318"},"modified":"2025-01-09T04:08:16","modified_gmt":"2025-01-09T04:08:16","slug":"xrp-price-vs-btc-pressure-can-it-hold-its-ground","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=34318","title":{"rendered":"XRP Price vs. BTC Pressure: Can It Hold Its Ground?"},"content":{"rendered":"

XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance.<\/em><\/p>\n

XRP price is showing a few positive signs above the $2.25 zone.
\nThe price is now trading below $2.3650 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2.380 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it stays above the $2.250 support.<\/p>\n

XRP Price Consolidates Below $2.50<\/h2>\n

XRP price failed to extend gains above the $2.40 and $2.45 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $2.32 and $2.25 support levels.<\/p>\n

The last swing low was formed at $2.202, and the price is now consolidating. There was a move above the $2.25 level. The price cleared the 50% Fib retracement level of the downward move from the $2.47 swing high to the $2.202 low.<\/p>\n

The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.380 level. There is also a key bearish trend line forming with resistance at $2.380 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $2.40 level or the 76.4% Fib retracement level of the downward move from the $2.47 swing high to the $2.202 low.<\/p>\n

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

The next resistance is $2.45. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.720.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.400 resistance zone, it could start another decline. Initial support on the downside is near the $2.320 level. The next major support is near the $2.250 level.<\/p>\n

If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $2.32 and $2.250.<\/p>\n

Major Resistance Levels \u2013 $2.380 and $2.400.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is showing a few positive signs above the $2.25 zone. The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":34319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34318","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\/34318"}],"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=34318"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34319"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}