{"id":59576,"date":"2025-04-16T04:08:44","date_gmt":"2025-04-16T04:08:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59576"},"modified":"2025-04-16T04:08:44","modified_gmt":"2025-04-16T04:08:44","slug":"xrp-price-pulls-back-healthy-correction-or-start-of-a-fresh-downtrend","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59576","title":{"rendered":"XRP Price Pulls Back: Healthy Correction or Start of a Fresh Downtrend?"},"content":{"rendered":"

XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone.<\/em><\/p>\n

XRP price started a downside correction from the $2.250 resistance zone.
\nThe price is now trading below $2.120 and the 100-hourly Simple Moving Average.
\nThere was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might extend losses if there is a close below the $2.050 support zone.<\/p>\n

XRP Price Dips Again<\/h2>\n

XRP price started a fresh increase above the $1.980 resistance, like Bitcoin<\/a> and Ethereum<\/a>. The price climbed above the $2.020 and $2.050 resistance levels.<\/p>\n

A high was formed at $2.244 and the price recently started a downside correction. There was a move below the $2.120 support zone. Besides, there was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price even spiked below the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The price is now trading below $2.120 and the 100-hourly Simple Moving Average.<\/p>\n

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

On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.50.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level and the 61.8% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The next major support is near the $2.00 level.<\/p>\n

If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.840 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 $2.050 and $2.00.<\/p>\n

Major Resistance Levels \u2013 $2.120 and $2.180.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There was a break below a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":59577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59576","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\/59576"}],"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=59576"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59577"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}