{"id":47790,"date":"2025-02-26T04:18:37","date_gmt":"2025-02-26T04:18:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47790"},"modified":"2025-02-26T04:18:37","modified_gmt":"2025-02-26T04:18:37","slug":"xrp-price-moves-higher-but-is-this-just-a-temporary-bounce","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47790","title":{"rendered":"XRP Price Moves Higher\u2014But Is This Just a Temporary Bounce?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.50 and $2.250 support levels. The price is now recovering losses from the $2.050 support zone.<\/em><\/p>\n

XRP price started a fresh decline below the $2.40 level.
\nThe price is now trading below $2.40 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2.450 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to move down unless there is a close above the $2.450 resistance zone.<\/p>\n

XRP Price Attempts Recovery<\/h2>\n

XRP price failed to continue higher above the $2.620 resistance zone and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $2.55 and $2.50 support levels.<\/p>\n

The price even dipped below the $2.20 support to enter a bearish zone. A low was formed at $2.0639 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 $2.604 swing high to the $2.206 low.<\/p>\n

The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.3320 level. The first major resistance is near the $2.40 level or the 61.8% Fib retracement level of the downward wave from the $2.604 swing high to the $2.206 low.<\/p>\n

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

The next resistance is $2.450. There is also a key bearish trend line forming with resistance at $2.450 on the hourly chart of the XRP\/USD pair. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.5650 in the near term. The next major hurdle for the bulls might be $2.620.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support on the downside is near the $2.2320 level. The next major support is near the $2.20 level.<\/p>\n

If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $2.2320 and $2.20.<\/p>\n

Major Resistance Levels \u2013 $2.40 and $2.450.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline below the $2.50 and $2.250 support levels. The price is now recovering losses from the $2.050 support zone. XRP price started a fresh decline below the $2.40 level. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":47791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47790","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\/47790"}],"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=47790"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47791"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}