{"id":67888,"date":"2025-05-21T04:08:18","date_gmt":"2025-05-21T04:08:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67888"},"modified":"2025-05-21T04:08:18","modified_gmt":"2025-05-21T04:08:18","slug":"xrp-price-coils-for-a-breakout-is-the-next-leg-up-imminent","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67888","title":{"rendered":"XRP Price Coils for a Breakout \u2014 Is The Next Leg Up Imminent?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.3350 zone. The price is now recovering losses and might aim for an upside break above $2.40.<\/em><\/p>\n

XRP price started a fresh decline below the $2.40 zone.
\nThe price is now trading near $2.350 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2.3620 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another decline if it stays below the $2.420 resistance.<\/p>\n

XRP Price Eyes Upside Break<\/h2>\n

XRP price started a fresh decline below the $2.420 zone, unlike Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $2.40 and $2.3650 levels. The price tested the $2.3150 zone.<\/p>\n

A low was formed at $2.3157 and the price is now attempting to recover. There was a move above the $2.335 and $2.350 levels. The price tested the 50% Fib retracement level of the downward move from the $2.4068 swing high to the $2.3157 high.<\/p>\n

However, the price now faces hurdles near the $2.3650 level. There is also a connecting bearish trend line forming with resistance at $2.3620 on the hourly chart of the XRP\/USD pair.<\/p>\n

The price is now trading near $2.35 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.3650 level. The first major resistance is near the $2.3850 level. It is near the 76.4% Fib retracement level of the downward move from the $2.4068 swing high to the $2.3157 high.<\/p>\n

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

The next resistance is $2.420. A clear move above the $2.420 resistance might send the price toward the $2.450 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.650.<\/p>\n

Another Decline?<\/h2>\n

If XRP fails to clear the $2.420 resistance zone, it could start another decline. Initial support on the downside is near the $2.3150 level. The next major support is near the $2.30 level.<\/p>\n

If there is a downside break and a close below the $2.30 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $2.3150 and $2.30.<\/p>\n

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

XRP price started a fresh decline below the $2.3350 zone. The price is now recovering losses and might aim for an upside break above $2.40. XRP price started a fresh decline below the $2.40 zone. The price is now trading near $2.350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":67889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67888","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\/67888"}],"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=67888"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67889"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}