{"id":56162,"date":"2025-04-02T04:08:30","date_gmt":"2025-04-02T04:08:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56162"},"modified":"2025-04-02T04:08:30","modified_gmt":"2025-04-02T04:08:30","slug":"xrp-recovery-stalls-are-bears-still-in-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56162","title":{"rendered":"XRP Recovery Stalls\u2014Are Bears Still In Control?"},"content":{"rendered":"

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.<\/em><\/p>\n

XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
\nThe price is now trading below $2.150 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might extend losses if it fails to clear the $2.20 resistance zone.<\/p>\n

XRP Price Faces Rejection<\/h2>\n

XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin<\/a> and Ethereum<\/a>. The price declined below the $2.150 and $2.120 levels.<\/p>\n

The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.<\/p>\n

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

On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.<\/p>\n

If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 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 $2.10 and $2.050.<\/p>\n

Major Resistance Levels \u2013 $2.120 and $2.20.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level. XRP price started a fresh decline after it failed to clear the $2.20 resistance zone. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":56163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56162","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\/56162"}],"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=56162"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56163"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}