{"id":41127,"date":"2025-02-03T04:08:39","date_gmt":"2025-02-03T04:08:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41127"},"modified":"2025-02-03T04:08:39","modified_gmt":"2025-02-03T04:08:39","slug":"xrp-price-crashes-hard-is-there-a-recovery-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41127","title":{"rendered":"XRP Price Crashes Hard: Is There a Recovery in Sight?"},"content":{"rendered":"

XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone.<\/em><\/p>\n

XRP price started a fresh decline below the $2.80 and $2.50 levels.
\nThe price is now trading below $2.60 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.50 resistance zone.<\/p>\n

XRP Price Eyes Recovery<\/h2>\n

XRP price started a fresh decline below the $3.00 zone, like Bitcoin<\/a> and Ethereum<\/a>. The price declined heavily below the $2.80 and $2.50 support levels. The bears even pushed it below $2.00.<\/p>\n

There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price is now correcting some losses. There was a move above the $2.00 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.<\/p>\n

The price is now trading below $2.750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.40 level.<\/p>\n

The next resistance is $2.450. There is also a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.<\/p>\n

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

A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 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 $1.850 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 $2.10 and $2.00.<\/p>\n

Major Resistance Levels \u2013 $2.40 and $2.50.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone. XRP price started a fresh decline below the $2.80 and $2.50 levels. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":41128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41127","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\/41127"}],"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=41127"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41128"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}