{"id":41439,"date":"2025-02-04T04:08:56","date_gmt":"2025-02-04T04:08:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41439"},"modified":"2025-02-04T04:08:56","modified_gmt":"2025-02-04T04:08:56","slug":"xrp-price-explodes-25-will-the-recovery-sustain-or-fizzle-out","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41439","title":{"rendered":"XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out?"},"content":{"rendered":"

XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level.<\/em><\/p>\n

XRP price started a strong upward move above the $2.50 level.
\nThe price is now trading below $2.80 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.820 resistance zone.<\/p>\n

XRP Price Recovers Over 25%<\/h2>\n

XRP price started a fresh decline below the $2.850 zone, like Bitcoin<\/a> and Ethereum<\/a>. The price declined heavily below the $2.50 and $2.350 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 recently started a sharp recovery wave. The bulls pumped the price above the $2.20 and $2.50 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.<\/p>\n

Besides, there was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP\/USD pair. The price is now trading below $2.80 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $2.80 level. The first major resistance is near the $2.820 level and the 76.4% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The next resistance is $2.940.<\/p>\n

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

A clear move above the $2.940 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.820 resistance zone, it could start another decline. Initial support on the downside is near the $2.620 level. The next major support is near the $2.50 level.<\/p>\n

If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.350 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 $2.620 and $2.450.<\/p>\n

Major Resistance Levels \u2013 $2.80 and $2.820.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":41440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41439","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\/41439"}],"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=41439"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41440"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}