XRP Price Dives Below $2—Is This the Start of a Bigger Breakdown?

by

Is XRP Having a Meltdown? Grab Your Popcorn! 🍿

Oh dear, it seems XRP has decided to take a little tumble below the $2.00 mark. How very dramatic! Now it’s just hanging out, trying to figure out if it can muster the courage to bounce back above $1.880. Spoiler alert: it might not be easy! 😬

  • XRP has officially started its descent below both the $2.00 and $1.880 levels. Bravo! 👏
  • Currently trading below $1.850 and the 100-hourly Simple Moving Average. Because who needs averages, right?
  • It broke below a bullish trend line that was hanging on by a thread at $2.120. Talk about a trend that went out with a whimper!
  • If it can’t hold above $1.80, we might be in for a real rollercoaster ride. 🎢

Oh No, Not Again!

XRP just couldn’t keep its act together above $2.050 and has now joined the ranks of Bitcoin and Ethereum in the “I’m Declining” club. It’s like a sad little party where no one wants to dance. 💃

After breaking below the $2.120 support line, it’s been a downward spiral. It even dipped below $1.820, hitting a low of $1.797. How low can you go? Apparently, lower! 😱

Now, it’s trading below $1.850 and the 100-hourly Simple Moving Average. Resistance is looming at $1.850, and the first major hurdle is at $1.880. It’s like trying to climb a mountain in flip-flops!

Next up, if it can muster some strength, there’s a chance it could flirt with the $1.950 resistance. But let’s be real, it’s more likely to trip over its own feet. 🤦‍♀️

Any gains might just tease us with a peek at $2.050 or even $2.0650. But let’s not get our hopes up too high, shall we? The bulls have a major hurdle at $2.120, and they’re looking a bit wobbly.

Will It Decline Again?

If XRP can’t shake off the $1.880 resistance, we might be in for another round of “How Low Can You Go?” Initial support is at $1.80, and if it breaks that, we’re looking at $1.7650. Yikes! 😳

Should it fall below $1.7650, we could be heading toward the dreaded $1.720 support. And if that happens, well, let’s just say the $1.650 zone is waiting with open arms. 😬

Technical Indicators

Hourly MACD – The MACD for XRP/USD is picking up speed in the bearish zone. How thrilling!

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Not exactly a confidence booster!

Major Support Levels – $1.80 and $1.7650. Good luck!

Major Resistance Levels – $1.850 and $1.880. May the odds be ever in your favor!

Read More

2025-04-07 07:38