{"id":50273,"date":"2025-03-07T04:08:55","date_gmt":"2025-03-07T04:08:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50273"},"modified":"2025-03-07T04:08:55","modified_gmt":"2025-03-07T04:08:55","slug":"xrp-price-slips-but-buyers-hold-ground-is-a-rebound-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50273","title":{"rendered":"XRP Price Slips, But Buyers Hold Ground\u2014Is a Rebound Coming?"},"content":{"rendered":"

XRP price started a fresh recovery wave from the $2.20 zone. The price is now consolidating and might struggle to clear the $2.50 resistance zone.<\/em><\/p>\n

XRP price started a decent upward move from the $2.20 support zone.
\nThe price is now trading below $2.50 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to move up if it clears the $2.5350 resistance zone.<\/p>\n

XRP Price Faces Hurdles<\/h2>\n

XRP price started a recovery wave from the $2.20 zone, like Bitcoin<\/a> and Ethereum<\/a>. The price was able to climb above the $2.40 and $2.50 resistance levels. However, the bears were active near $2.640.<\/p>\n

The price corrected some gains and dipped below $2.550. There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP\/USD pair. The pair dipped below the 50% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high.<\/p>\n

The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. The first major resistance is near the $2.5350 level.<\/p>\n

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

The next resistance is $2.640. A clear move above the $2.640 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.850 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 $2.5350 resistance zone, it could start another decline. Initial support on the downside is near the $2.4250 level. The next major support is near the $2.3750 level and the 61.8% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high.<\/p>\n

If there is a downside break and a close below the $2.3750 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish 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 $2.4250 and $2.3750.<\/p>\n

Major Resistance Levels \u2013 $2.5350 and $2.640.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh recovery wave from the $2.20 zone. The price is now consolidating and might struggle to clear the $2.50 resistance zone. XRP price started a decent upward move from the $2.20 support zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below […]<\/p>\n","protected":false},"author":0,"featured_media":50274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50273","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\/50273"}],"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=50273"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50274"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}