Why XRP’s Price is Dropping Faster than a Hot Potato! 🥔💸

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Well, well, well! It seems our dear friend XRP has stumbled once again, unable to muster the strength to rise above that pesky $1.950 mark. The poor little thing is now taking a nosedive, finding itself in a real pickle near the $1.90 threshold.

  • XRP has decided to embark on a brand new downward journey, slipping right below the $1.90 territory.
  • Currently, it’s trading under $1.880 and is definitely not winning any popularity contests with the 100-hourly Simple Moving Average.
  • There’s a bearish trend line forming, like dark clouds over a picnic, with resistance at $1.9350 on the hourly chart between our pint-sized hero, XRP, and its dollar dreams (data courtesy of Kraken, of course).
  • If XRP settles below $1.850, it might as well pack its bags for a longer trip down.

XRP Stumbles Like a Drunken Sailor

In a valiant-but ultimately failed-attempt to reclaim some dignity above $1.920, XRP has flopped down faster than a fish out of water. Just like its big brothers Bitcoin and Ethereum, it seems to have lost its way, sliding below both $1.90 and $1.880.

It even dipped below the support level of $1.8650, hitting a low at $1.8473. You know it’s bad when the price is throwing up bearish signs like confetti, especially below the 23.6% Fib retracement level from the glory days of $1.9865 to the pitiful low of $1.8437.

Trading under $1.90, XRP is giving the 100-hourly Simple Moving Average the cold shoulder. And don’t get me started on that ominous bearish trend line sitting there, mocking it at $1.9350.

If by some miracle there’s an upward move, it’s likely to hit a wall of resistance near the $1.880 level, making it feel like it’s just running in place. The first major hurdle lies at $1.9150, or the 50% Fib retracement level of its downward spiral from $1.9865 to $1.8437. Cross above that, and we might see a little bounce toward $1.9350 and beyond.

But wait! The next great obstacle looms at $1.950. If it can somehow clear that, we may very well be looking at a shot toward the fabled $2.00. Keep dreaming, XRP; who knows, you might just make it to $2.020 or even hit the jackpot at $2.080!

Are We in for More Woes?

If XRP can’t shake off its blues and bust through the $1.9150 resistance zone, we might be in for a fresh round of declines. The first line of support is hanging out around $1.850, while the next major support point is a tad further at $1.8320.

If it breaks below $1.8320, the party could get really gloomy as prices tumble toward $1.80. The next pit stop on this downward journey could land us near $1.7650, and heaven forbid, anything below that might just push the price into the abyss of $1.720.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now merrily gaining traction in the bearish zone. What fun!

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is lounging comfortably below the 50 level. How relaxing!

Major Support Levels – $1.850 and $1.8320.

Major Resistance Levels – $1.9150 and $1.9350.

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2025-12-18 08:20