{"id":57236,"date":"2025-04-07T04:28:25","date_gmt":"2025-04-07T04:28:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57236"},"modified":"2025-04-07T04:28:25","modified_gmt":"2025-04-07T04:28:25","slug":"xrp-price-dives-below-2-is-this-the-start-of-a-bigger-breakdown","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57236","title":{"rendered":"XRP Price Dives Below $2\u2014Is This the Start of a Bigger Breakdown?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.00 zone. The price is now consolidating and might face hurdles near the $1.880 level.<\/em><\/p>\n

XRP price started a fresh decline below the $2.00 and $1.880 levels.
\nThe price is now trading below $1.850 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support 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 stay above the $1.80 zone.<\/p>\n

XRP Price Dips Sharply<\/h2>\n

XRP price failed to settle above the $2.050 level and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. The price declined below the $2.00 and $1.950 support levels.<\/p>\n

There was a break below a connecting bullish trend line with support at $2.120 on the hourly chart of the XRP\/USD pair. There was a move above the $1.880 and $1.80 levels. The price even declined below the $1.820 level. A low was formed at $1.797 and the price is now consolidating losses.<\/p>\n

The price is now trading below $1.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.850 level. The first major resistance is near the $1.880 level. It is near the 23.6% Fib retracement level of the downward move from the $2.168 swing high to the $1.797 low.<\/p>\n

The next resistance is $1.950. A clear move above the $1.950 resistance might send the price toward the $2.00 resistance or the 61.8% Fib retracement level of the downward move from the $2.168 swing high to the $1.797 low.<\/p>\n

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

Any more gains might send the price toward the $2.050 resistance or even $2.0650 in the near term. The next major hurdle for the bulls might be $2.120.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $1.880 resistance zone, it could start another decline. Initial support on the downside is near the $1.80 level. The next major support is near the $1.7650 level.<\/p>\n

If there is a downside break and a close below the $1.7650 level, the price might continue to decline toward the $1.720 support. The next major support sits near the $1.650 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 $1.80 and $1.7650.<\/p>\n

Major Resistance Levels \u2013 $1.850 and $1.880.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline below the $2.00 zone. The price is now consolidating and might face hurdles near the $1.880 level. XRP price started a fresh decline below the $2.00 and $1.880 levels. The price is now trading below $1.850 and the 100-hourly Simple Moving Average. There was a break below a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":57237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57236","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\/57236"}],"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=57236"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57237"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}