XRP Price Consolidates—Breakout Incoming or More Choppy Moves?

🚨 XRP Price: The Great Escape or Just a Wild Goose Chase? 🚨

Oh, the eternal dance of XRP price, a waltz of whimsy and woe. It starts a fresh recovery wave above the $2.40 zone, only to correct its gains and revisit the $2.35 support. Ah, the drama! 🤣

• XRP price, that enigmatic creature, starts a fresh recovery wave above the $2.40 resistance zone.
• The price is now trading above $2.40 and the 100-hourly Simple Moving Average, a feat of endurance, if I do say so myself.
• But alas, there was a break below a connecting bullish trend line with support at $2.430 on the hourly chart of the XRP/USD pair. Oh, the humanity! 🤦‍♂️
• The pair might extend losses if it breaks the $2.40 support zone. The agony! 😩

XRP Price Trims Gains

XRP price, that mercurial beast, remained supported and started a recovery wave above the $2.320 zone, like Bitcoin and Ethereum, its trusty sidekicks. The price was able to clear the $2.40 and $2.420 resistance levels, a feat of strength, if I do say so myself.

But, alas, the bulls were unable to sustain the momentum, and the price reacted to the downside. Ah, the cruel fate! 😭

There was a break below a connecting bullish trend line with support at $2.430 on the hourly chart of the XRP/USD pair. The price is now trading above $2.40 and the 100-hourly Simple Moving Average, a precarious balancing act, if you will.

On the upside, the price might face resistance near the $2.450 level. The first major resistance is near the $2.480 level. The next resistance is $2.50 or the 61.8% Fib retracement level of the downward wave from the $2.580 swing high to the $2.354 low. Oh, the tantalizing prospect! 🤩

A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.80. The suspense is killing me! 😱

More Losses?

If XRP fails to clear the $2.480 resistance zone, it could start another decline. Initial support on the downside is near the $2.40 level. The next major support is near the $2.350 level. Oh, the dreaded prospect! 😨

If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.250 zone. The horror! 😱

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Ah, the ominous sign! 🚨

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Oh, the dire warning! ⚠️

Major Support Levels – $2.40 and $2.350.

Major Resistance Levels – $2.480 and $2.50.

Read More

• Cookie Run: Kingdom Pure Vanilla Cookie (Compassionate) Guide: How to unlock, Best Toppings, and more

• The Last of Us season 2 confirms spring 2025 release on HBO

• Revenge of the Savage Planet Is Out in May, 2025

• Clash Royale May 2025: Events, Challenges, Tournaments, and Rewards

• Deadly Dudes Hero Tier List

• ‘The Last of Us’ Season 2 is arriving soon. Here’s a Season 1 recap

• Clash Royale Boneheads’ Brawl May 2025 Community Event: Progression and Rewards explained

• Original The Elder Scrolls IV: Oblivion Designer Says Bethesda’s Remaster Is So Impressive It Could Be Called ‘Oblivion 2.0’

• Clash Royale Best Boss Bandit Champion decks

• Reverse: 1999 Vila Build Guide: Best Team, Psychubes, and more

2025-03-25 07:18