{"id":41763,"date":"2025-02-05T04:08:46","date_gmt":"2025-02-05T04:08:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41763"},"modified":"2025-02-05T04:08:46","modified_gmt":"2025-02-05T04:08:46","slug":"xrp-price-tests-critical-barrier-will-bulls-lose-steam","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41763","title":{"rendered":"XRP Price Tests Critical Barrier: Will Bulls Lose Steam?"},"content":{"rendered":"

XRP price recovered most losses and rallied toward $2.75. The price is now facing hurdles near the $2.70 zone and might start another decline.<\/em><\/p>\n

XRP price started a strong upward move above the $2.60 level.
\nThe price is now trading below $2.70 and the 100-hourly Simple Moving Average.
\nThere is a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.780 resistance zone.<\/p>\n

XRP Price Recovery Faces Resistance<\/h2>\n

XRP price started a recovery wave from the $1.75 support zone, like Bitcoin<\/a> and Ethereum<\/a>. The price gained pace for a move above the $2.00 and $2.25 resistance levels.<\/p>\n

The bulls pumped the price above the $2.50 and $2.550 levels. However, the bears remained active below the $2.80 level. A high was formed at $2.780 and the price is now correcting gains. There was a move below the $2.62 level.<\/p>\n

The price dipped below the 23.6% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high. The price is now trading below $2.70 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price might face resistance near the $2.70 level. There is also a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $2.780 level. The next resistance is $2.80.<\/p>\n

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

A clear move above the $2.80 resistance might send the price toward the $2.940 resistance. Any more gains might send the price toward the $3.000 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.70 resistance zone, it could start another decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.2650 level or the 50% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high.<\/p>\n

If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.20 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 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 $2.420 and $2.2650.<\/p>\n

Major Resistance Levels \u2013 $2.70 and $2.780.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price recovered most losses and rallied toward $2.75. The price is now facing hurdles near the $2.70 zone and might start another decline. XRP price started a strong upward move above the $2.60 level. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":41764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41763","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\/41763"}],"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=41763"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41764"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}