{"id":45766,"date":"2025-02-19T04:08:47","date_gmt":"2025-02-19T04:08:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45766"},"modified":"2025-02-19T04:08:47","modified_gmt":"2025-02-19T04:08:47","slug":"xrp-price-loses-steam-can-it-overcome-these-challenges","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45766","title":{"rendered":"XRP Price Loses Steam\u2014Can It Overcome These Challenges?"},"content":{"rendered":"

XRP price is down from the $2.85 resistance zone. The price is showing a few bearish signs and must clear $2.650 to start a fresh increase.<\/em><\/p>\n

XRP price started a fresh decline below the $2.70 level.
\nThe price is now trading below $2.650 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2.620 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start a fresh increase if it clears the $2.620 resistance zone.<\/p>\n

XRP Price Dips Further<\/h2>\n

XRP price failed to gain pace for a move above the $2.850 level and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. The price dipped below the $2.720 and $2.70 levels.<\/p>\n

There was also a move below the $2.60 support level. Finally, the price tested the $2.50 zone. A low was formed at $2.470 and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $2.832 swing high to the $2.470 low.<\/p>\n

The price is now trading below $2.650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.60 level. There is also a key bearish trend line forming with resistance at $2.620 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $2.650 level or the 50% Fib retracement level of the downward move from the $2.832 swing high to the $2.470 low. The next resistance is $2.70.<\/p>\n

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

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 $2.850 resistance or even $2.880 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.650 resistance zone, it could start another decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.480 level.<\/p>\n

If there is a downside break and a close below the $2.480 level, the price might continue to decline toward the $2.420 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 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 $2.50 and $2.480.<\/p>\n

Major Resistance Levels \u2013 $2.60 and $2.650.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is down from the $2.85 resistance zone. The price is showing a few bearish signs and must clear $2.650 to start a fresh increase. XRP price started a fresh decline below the $2.70 level. The price is now trading below $2.650 and the 100-hourly Simple Moving Average. There is a key bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":45767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45766","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\/45766"}],"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=45766"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/45767"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}