XRP’s price decided to take a nosedive from the $2.20 zone because, apparently, it’s allergic to success. Now it’s just hanging out, consolidating, and probably binge-watching Netflix while avoiding the $2.120 level like it’s an ex at a party.
- XRP tried to break through the $2.20 resistance zone but failed miserably, like me trying to parallel park.
- It’s now trading below $2.150 and the 100-hourly Simple Moving Average, which is basically the crypto equivalent of being stuck in traffic.
- There’s a bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data from Kraken, because who doesn’t love a good chart?).
- If it can’t clear the $2.20 resistance zone, it might just keep falling, like my motivation after a Monday morning meeting.
XRP Price Gets Rejected Harder Than My High School Crush
XRP tried to climb above the $2.20 resistance zone but got rejected faster than a bad Tinder date. It then dropped below the $2.150 and $2.120 levels, because why not?
The bears pushed the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There’s also a bearish trend line forming with resistance at $2.120, because apparently, the bears are artists now.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. But the bulls are trying to protect the $2.10 support level, like overprotective parents at a high school dance.
On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level, followed by $2.20. If it clears $2.20, it might head toward $2.240, $2.2650, or even $2.2880. The next major hurdle is $2.320, which is basically the Mount Everest of XRP.
Is Another Decline on the Horizon? (Spoiler: Probably)
If XRP can’t clear the $2.150 resistance zone, it might start another decline. Initial support is near the $2.10 level, followed by $2.0650. If it breaks below $2.0650, it might continue to drop toward $2.020, with the next major support at $2.00, which is basically the crypto version of rock bottom.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining pace in the bearish zone, like a teenager discovering sarcasm.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level, which is basically the crypto equivalent of being “meh.”
Major Support Levels – $2.10 and $2.050.
Major Resistance Levels – $2.120 and $2.20.
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2025-04-02 07:18