{"id":43082,"date":"2025-02-10T04:08:14","date_gmt":"2025-02-10T04:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43082"},"modified":"2025-02-10T04:08:14","modified_gmt":"2025-02-10T04:08:14","slug":"xrp-price-uptrend-hits-a-snag-is-a-fresh-increase-still-possible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43082","title":{"rendered":"XRP Price Uptrend Hits a Snag\u2014Is a Fresh Increase Still Possible?"},"content":{"rendered":"

XRP price struggled to continue higher above the $2.720 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.2650.<\/em><\/p>\n

XRP price started a fresh decline after it failed to clear the $2.780 level.
\nThe price is now trading below $2.50 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2.4650 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 Dips Again<\/h2>\n

XRP price started a recovery wave above the $2.250 support zone, like Bitcoin<\/a> and Ethereum<\/a>. The price gained pace for a move above the $2.450 and $2.500 resistance levels.<\/p>\n

The bulls pumped the price above the $2.70 level. However, the bears remained active near the $2.80 level. A high was formed at $2.780 and the price is now moving lower. There was a move below the $2.50 level. The price dropped toward the 50% Fib retracement level of the upward wave from the $1.7501 swing low to the $2.7750 high.<\/p>\n

The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.450 level. There is also a connecting bearish trend line forming with resistance at $2.4650 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

The first major resistance is near the $2.50 level. The next resistance is $2.60. A clear move above the $2.60 resistance might send the price toward the $2.780 resistance. Any more gains might send the price toward the $2.880 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00.<\/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 $2.2650 level. The next major support is near the $2.1420 level or the 61.8% Fib retracement level of the upward wave from the $1.7501 swing low to the $2.7750 high.<\/p>\n

If there is a downside break and a close below the $2.1420 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 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 $2.1420.<\/p>\n

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

XRP price struggled to continue higher above the $2.720 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.2650. XRP price started a fresh decline after it failed to clear the $2.780 level. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is […]<\/p>\n","protected":false},"author":0,"featured_media":43083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43082","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\/43082"}],"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=43082"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43083"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}