{"id":64391,"date":"2025-05-07T04:08:34","date_gmt":"2025-05-07T04:08:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64391"},"modified":"2025-05-07T04:08:34","modified_gmt":"2025-05-07T04:08:34","slug":"xrp-price-hits-resistance-will-the-bulls-push-through-or-fade-away","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64391","title":{"rendered":"XRP Price Hits Resistance\u2014Will the Bulls Push Through or Fade Away?"},"content":{"rendered":"

XRP price found support at $2.080 and started a fresh increase. The price is now facing resistance near $2.1650 and struggling to continue higher.<\/em><\/p>\n

XRP price started a recovery wave from the $2.080 zone.
\nThe price is now trading below $2.170 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance near $2.160 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if there is a close above the $2.1680 resistance.<\/p>\n

XRP Price Recovery Could Fade<\/h2>\n

XRP price started a downside correction below the $2.20 and $2.150 levels, like Bitcoin<\/a> and Ethereum<\/a>. The price even declined below the $2.120 level before the bulls appeared.<\/p>\n

A low was formed at $2.0780 and the price is now correcting losses. There was a move above the $2.10 and $2.120 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $2.2579 swing high to the $2.078 low.<\/p>\n

However, the bears are active near the $2.1650 zone. There is also a key bearish trend line forming with resistance near $2.160 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading below $2.170 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.160 level. The first major resistance is near the $2.1680 level and the 50% Fib retracement level of the downward move from the $2.2579 swing high to the $2.078 low.<\/p>\n

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

The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 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 $2.160 resistance zone, it could start another decline. Initial support on the downside is near the $2.120 level. The next major support is near the $2.080 level.<\/p>\n

If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $2.120 and $2.080.<\/p>\n

Major Resistance Levels \u2013 $2.1680 and $2.20.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price found support at $2.080 and started a fresh increase. The price is now facing resistance near $2.1650 and struggling to continue higher. XRP price started a recovery wave from the $2.080 zone. The price is now trading below $2.170 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":64392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64391","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\/64391"}],"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=64391"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64392"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}