{"id":41823,"date":"2025-02-05T09:32:53","date_gmt":"2025-02-05T09:32:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41823"},"modified":"2025-02-05T09:32:53","modified_gmt":"2025-02-05T09:32:53","slug":"why-is-the-ripple-xrp-price-down-this-week","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41823","title":{"rendered":"Why is the Ripple (XRP) Price Down This Week"},"content":{"rendered":"

XRP is under $3 as bears take over the market.<\/p>\n

Key Support levels: $2.5, $1.6<\/strong><\/p>\n

Key Resistance levels: $3, $3.3\u00a0<\/strong><\/p>\n

1. Bullish Momentum Stopped<\/h2>\n

On Monday, XRP briefly fell to $1.8 before recovering. This effectively stopped the bullish momentum and has put sellers in charge of the price action. The current support at $2.5 appears fragile and if sellers return in force, then this cryptocurrency could go to $1.6 next.<\/p>\n

<\/a>Chart by TradingView<\/p>\n

2. Falling Volume Was an Early Bearish Signal<\/h2>\n

Ever since XRP\u2019s price moved above $2, the volume has been making lower highs, including when the price went towards $3.4. This was an early bearish divergence which showed that buyers are becoming exhausted. On Monday, this was confirmed as momentum shifted and a correction started.<\/p>\n

<\/a>Chart by TradingView<\/p>\n

3. Bearish Divergence Confirmed<\/h2>\n

A bearish divergence was also present on the weekly RSI and has now been confirmed by this latest price action. XRP appears to have made a top at $3.4, at least for now. This correction could be significant if buyers don\u2019t return soon as sellers will aim to break $2.5 and aim for $1.6.<\/p>\n

<\/a>Chart by TradingView<\/p>\n

<\/div>\n

The post Why is the Ripple (XRP) Price Down This Week<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

XRP is under $3 as bears take over the market. Key Support levels: $2.5, $1.6 Key Resistance levels: $3, $3.3\u00a0 1. Bullish Momentum Stopped On Monday, XRP briefly fell to $1.8 before recovering. This effectively stopped the bullish momentum and has put sellers in charge of the price action. The current support at $2.5 appears […]<\/p>\n","protected":false},"author":0,"featured_media":41824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41823","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\/41823"}],"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=41823"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41824"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}