{"id":47151,"date":"2025-02-24T04:08:37","date_gmt":"2025-02-24T04:08:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47151"},"modified":"2025-02-24T04:08:37","modified_gmt":"2025-02-24T04:08:37","slug":"xrp-price-nears-key-support-a-breakdown-could-be-devastating","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47151","title":{"rendered":"XRP Price Nears Key Support\u2014A Breakdown Could Be Devastating"},"content":{"rendered":"

XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone.<\/em><\/p>\n

XRP price started a fresh decline below the $2.620 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 $2.5650 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 Dips To Support<\/h2>\n

XRP price attempted to gain pace for a move above the $2.750 level. However, the bears remained active and the price started a fresh decline below the $2.650 support, like Bitcoin<\/a>.<\/p>\n

The price even dipped\u00a0 below $2.60 and tested the $2.50 support. A low was formed at $2.508 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low.<\/p>\n

The price is now trading below $2.60 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price might face resistance near the $2.5650 level. There is also a connecting bearish trend line forming with resistance at $2.5650 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $2.60 level. The next resistance is $2.620 or the 50% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low.<\/p>\n

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

A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.850.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level. The next major support is near the $2.50 level.<\/p>\n

If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.40 support. The next major support sits near the $2.320 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 $2.520 and $2.50.<\/p>\n

Major Resistance Levels \u2013 $2.60 and $2.620.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone. XRP price started a fresh decline below the $2.620 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":47152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47151","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\/47151"}],"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=47151"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47152"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}