Oh great, another day, another dip in XRP price. What a shocker. It’s now trading below $2.350, and guess what? The bears are coming out to play, so if you were hoping for a big bounce, well, good luck with that.
- XRP price is down, down, down – below $2.30. Who’s surprised? Certainly not me.
- It’s now below $2.250 and the 100-hourly Simple Moving Average. No biggie, right?
- Oh, and there’s a nice little bearish trend line forming, with resistance at $2.250. Just in case you were wondering where the pain might stop.
- If it stays above $2.150, maybe – just maybe – we’ll see some sort of recovery. Don’t get your hopes up though.
XRP’s ‘Dramatic’ Decline
So, XRP’s stuck in a bearish zone, trading below $2.50. It’s not alone, though – Bitcoin and Ethereum are dragging their feet right alongside it. XRP took another nosedive below $2.350 and $2.30. Because why not?
The decline picked up speed after it closed below $2.250. Oh, and it tested a low of $2.066. Yikes. But don’t worry, it’s trying to recover some of its dignity. It’s managed to claw back a bit, moving above the 23.6% Fib retracement level of its downward spiral.
Now it’s below $2.30 and the 100-hourly Simple Moving Average, so yeah, it’s not looking good. If it makes any upward move (we can dream, right?), it’ll probably hit resistance near the $2.250 mark. Don’t say I didn’t warn you.
The first big hurdle is $2.30. If it breaks that, it might try to test $2.3650. And hey, it’s right near the 61.8% Fib retracement level from the swing high of $2.552 to the low of $2.066. I’m just trying to make this sound complicated to distract you from the fact that XRP’s going down.
If by some miracle, XRP breaks above $2.3650, it could go as high as $2.420. After that, who knows? Maybe $2.450? But let’s not get too crazy. The real battle lies around $2.50, if it even gets that far.
Is XRP Ready to Crash Again?
If XRP can’t get past the $2.30 resistance zone, it could fall into the abyss once more. First support level? $2.180. That’s the easy one. The next big one’s at $2.150, but I’m not holding my breath.
If it closes below $2.150, expect it to slide further – down to $2.050, and maybe even $2.00. If things get even worse, well, hello $1.850. It’s a rough world out there for XRP holders.
Technical Indicators
Hourly MACD – Yeah, it’s looking weak in the bearish zone. Shocker.
Hourly RSI (Relative Strength Index) – Below 50, because that’s what XRP does these days.
Major Support Levels – $2.180 and $2.150, but who’s counting?
Major Resistance Levels – $2.250 and $2.30. Don’t hold your breath.
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2025-11-05 07:42