{"id":39535,"date":"2025-01-28T04:08:54","date_gmt":"2025-01-28T04:08:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=39535"},"modified":"2025-01-28T04:08:54","modified_gmt":"2025-01-28T04:08:54","slug":"xrp-price-dips-before-surging-bulls-take-charge-in-a-dramatic-rebound","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=39535","title":{"rendered":"XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound"},"content":{"rendered":"

XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00.<\/em><\/p>\n

XRP price started a fresh decline below the $3.00 zone.
\nThe price is now trading below $3.120 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might struggle to clear the $3.10 and $3.12 resistance levels.<\/p>\n

XRP Price Dips Further Before Rebound<\/h2>\n

XRP price struggled to continue higher above the $3.050 resistance and reacted to the downside, like Bitcoin<\/a> and Ethereum<\/a>. The price dipped below the $3.00 and $2.80 support levels.<\/p>\n

The pair even spiked below the $2.720 support. A low was formed at $2.6562 and the price is now correcting losses. There was a sharp increase above the $2.80 and $2.85 levels. The price cleared the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP\/USD pair. The price is now trading below $3.120 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $3.10 level or the 76.4% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. The first major resistance is near the $3.120 level. The next resistance is $3.150.<\/p>\n

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

A clear move above the $3.150 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level.<\/p>\n

If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining 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 $3.00 and $2.950.<\/p>\n

Major Resistance Levels \u2013 $3.100 and $3.120.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a fresh decline below the $3.00 zone. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":39536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39535","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\/39535"}],"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=39535"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39536"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}