{"id":49669,"date":"2025-03-05T04:08:30","date_gmt":"2025-03-05T04:08:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49669"},"modified":"2025-03-05T04:08:30","modified_gmt":"2025-03-05T04:08:30","slug":"xrp-bulls-on-edge-could-the-downtrend-continue","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49669","title":{"rendered":"XRP Bulls on Edge\u2014Could the Downtrend Continue?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.650 resistance. The price is now consolidating losses and might face resistance near the $2.550 zone.<\/em><\/p>\n

XRP price started a fresh decline below the $2.650 zone.
\nThe price is now trading above $2.40 and the 100-hourly Simple Moving Average.
\nThere is a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to move down if it remains below the $2.550 resistance zone.<\/p>\n

XRP Price Faces Resistance<\/h2>\n

XRP price started a fresh decline from the $3.00 resistance, like Bitcoin<\/a> and Ethereum<\/a>. The price dipped below the $2.80 and $2.60 levels.<\/p>\n

The bears were able to push the price below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. Finally, the bulls appeared near the $2.20 support zone. A base is forming and the price is now attempting to recover above $2.30.<\/p>\n

The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP\/USD pair.<\/p>\n

On the upside, the price might face resistance near the $2.550 level. The first major resistance is near the $2.650 level. The next resistance is $2.750. A clear move above the $2.750 resistance might send the price toward the $2.80 resistance.<\/p>\n

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

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

Another Decline?<\/h2>\n

If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.40 level. The next major support is near the $2.320 level.<\/p>\n

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support and the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. The next major support sits near the $2.120 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $2.40 and $2.320.<\/p>\n

Major Resistance Levels \u2013 $2.550 and $2.750.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline below the $2.650 resistance. The price is now consolidating losses and might face resistance near the $2.550 zone. XRP price started a fresh decline below the $2.650 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with […]<\/p>\n","protected":false},"author":0,"featured_media":49670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49669","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\/49669"}],"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=49669"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49670"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}