{"id":66766,"date":"2025-05-16T04:08:30","date_gmt":"2025-05-16T04:08:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66766"},"modified":"2025-05-16T04:08:30","modified_gmt":"2025-05-16T04:08:30","slug":"xrp-price-sinks-lower-but-chart-whisperers-see-a-trap-for-the-bears","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66766","title":{"rendered":"XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears"},"content":{"rendered":"

XRP price started a downside correction below the $2.50 zone. The price is now consolidating and might find bids near the $2.350 support zone.<\/em><\/p>\n

XRP price started a fresh decline below the $2.550 zone.
\nThe price is now trading below $2.50 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2.420 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if it stays above the $2.350 support.<\/p>\n

XRP Price Dips Further<\/h2>\n

XRP price started a downside correction from the $2.650 zone, like Bitcoin<\/a> and Ethereum<\/a>. The price dipped below the $2.60 and $2.55 levels to enter a short-term bearish zone.<\/p>\n

The bears were able to push the price below the $2.50 support zone. Finally, the bulls appeared near $2.350. A low was formed at $2.348 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.650 swing high to the $2.348 low.<\/p>\n

The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.420 level. There is also a key bearish trend line forming with resistance at $2.420 on the hourly chart of the XRP\/USD pair.<\/p>\n

The first major resistance is near the $2.450 level. The next resistance is $2.50 and the 50% Fib retracement level of the downward move from the $2.650 swing high to the $2.348 low.<\/p>\n

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

A clear move above the $2.50 resistance might send the price toward the $2.60 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.680 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.350 level. The next major support is near the $2.320 level.<\/p>\n

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 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 $2.350 and $2.320.<\/p>\n

Major Resistance Levels \u2013 $2.420 and $2.50.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a downside correction below the $2.50 zone. The price is now consolidating and might find bids near the $2.350 support zone. XRP price started a fresh decline below the $2.550 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":66767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66766","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\/66766"}],"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=66766"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66767"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}