{"id":42450,"date":"2025-02-07T04:08:02","date_gmt":"2025-02-07T04:08:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=42450"},"modified":"2025-02-07T04:08:02","modified_gmt":"2025-02-07T04:08:02","slug":"xrp-price-weakens-gradually-can-it-find-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=42450","title":{"rendered":"XRP Price Weakens Gradually: Can It Find Support?"},"content":{"rendered":"

XRP price struggled to continue higher above the $2.75 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.250.<\/em><\/p>\n

XRP price started a fresh decline after it failed to clear the $2.80 level.
\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 $2.50 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.60 resistance zone.<\/p>\n

XRP Price Moves Lower<\/h2>\n

XRP price started a recovery wave above the $2.20 support zone, like Bitcoin<\/a> and Ethereum<\/a>. The price gained pace for a move above the $2.250 and $2.400 resistance levels.<\/p>\n

The bulls pumped the price above the $2.60 level. However, the bears remained active near the $2.75 level. A high was formed at $2.780 and the price is now moving lower. There was a move below the $2.560 level. The price dropped and tested the 50% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high.<\/p>\n

The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. There is also a connecting bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

The first major resistance is near the $2.60 level. The next resistance is $2.70. A clear move above the $2.70 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.050.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level. The next major support is near the $2.1450 level or the 61.8% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high.<\/p>\n

If there is a downside break and a close below the $2.1450 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 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 $2.260 and $2.1450.<\/p>\n

Major Resistance Levels \u2013 $2.50 and $2.60.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price struggled to continue higher above the $2.75 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.250. XRP price started a fresh decline after it failed to clear the $2.80 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is […]<\/p>\n","protected":false},"author":0,"featured_media":42451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42450","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\/42450"}],"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=42450"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/42451"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}