{"id":59876,"date":"2025-04-17T04:08:49","date_gmt":"2025-04-17T04:08:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59876"},"modified":"2025-04-17T04:08:49","modified_gmt":"2025-04-17T04:08:49","slug":"xrps-2-00-pivot-point-a-launchpad-or-breakdown-zone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59876","title":{"rendered":"XRP\u2019s $2.00 Pivot Point\u2014A Launchpad or Breakdown Zone?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.150 zone. The price is now consolidating above $2.00 and facing hurdles near the $2.120 zone.<\/em><\/p>\n

XRP price started a downside correction from the $2.250 resistance zone.
\nThe price is now trading below $2.10 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2.130 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 $2.00 support zone.<\/p>\n

XRP Price Faces Resistance<\/h2>\n

XRP price started a downside correction from the $2.250 zone, like Bitcoin<\/a> and Ethereum<\/a>. The price traded below the $2.150 and $2.120 levels to enter a bearish zone.<\/p>\n

The price even spiked below $2.050 but stayed above $2.00. A low was formed at $2.036 and the price is now consolidating losses. There was a recovery wave above the $2.10 level. The price spiked above the 50% Fib retracement level of the downward move from the $2.184 swing high to the $2.036 low.<\/p>\n

The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. There is also a key bearish trend line forming with resistance at $2.130 on the hourly chart of the XRP\/USD pair.<\/p>\n

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

The trend line is near the 61.8% Fib retracement level of the downward move from the $2.184 swing high to the $2.036 low. 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

More Losses?<\/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 $2.030 level. 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 losing 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 $2.030 and $2.00.<\/p>\n

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

XRP price started a fresh decline below the $2.150 zone. The price is now consolidating above $2.00 and facing hurdles near the $2.120 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. There is a key bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":59877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59876","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\/59876"}],"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=59876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}