{"id":72049,"date":"2025-06-06T02:28:57","date_gmt":"2025-06-06T02:28:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72049"},"modified":"2025-06-06T02:28:57","modified_gmt":"2025-06-06T02:28:57","slug":"xrp-price-drops-toward-2-00-can-bulls-defend-this-critical-support-level","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72049","title":{"rendered":"XRP Price Drops Toward $2.00: Can Bulls Defend This Critical Support Level?"},"content":{"rendered":"

XRP price started a fresh decline below the $2.20 zone. The price is now consolidating and might aim for a recovery wave above the $2.120 resistance.<\/em><\/p>\n

XRP price started a fresh decline below the $2.20 zone.
\nThe price is now trading above $2.150 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might start another increase if it clears the $2.120 resistance zone.<\/p>\n

XRP Price Dips To Support<\/h2>\n

XRP price failed to gain pace for a move above the $2.220 level and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $0.2150 and $0.2120 levels.<\/p>\n

Besides, there was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP\/USD pair. Finally, the price tested the $2.050 zone. It is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low.<\/p>\n

The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.150 level. The next resistance is $2.1750. It is near the 50% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low.<\/p>\n

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

A clear move above the $2.1750 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.2420 in the near term. The next major hurdle for the bulls might be $2.250.<\/p>\n

More Losses?<\/h2>\n

If XRP fails to clear the $2.15 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.020 level.<\/p>\n

If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 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 $2.020.<\/p>\n

Major Resistance Levels \u2013 $2.120 and $2.150.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh decline below the $2.20 zone. The price is now consolidating and might aim for a recovery wave above the $2.120 resistance. XRP price started a fresh decline below the $2.20 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There was a break below a […]<\/p>\n","protected":false},"author":0,"featured_media":72050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72049","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\/72049"}],"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=72049"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72050"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}