Oh, XRP, you sly dog! You’re slippin’ and slidin’ below the $3.10 resistance like a banana peel on a marble floor. 🍌💨 The bears are having a field day, and you’re the main course! 🦝
- XRP is tumbling faster than a clown down a staircase, crashing below $3.150 and $3.10. 🤡⚰️
- It’s now trading below $3.10 and the 100-hourly Simple Moving Average-talk about a bad hair day! 💇♂️💨
- There’s a bearish trend line forming at $3.070 on the hourly chart of the XRP/USD pair (courtesy of Kraken, the crypto kraken). 🦑📉
- But hey, if it clears the $3.120 zone, it might just do a happy dance! 💃🕺
XRP’s Wild Ride: Down, Down, Down We Go! 🎢
XRP stayed in the bearish zone after a close below $3.20, just like its buddies Bitcoin and Ethereum. It’s like they’re all at a pity party. 🎈😢 The price dove below $3.10 and even took a nosedive below $3.00. Ouch! It tested the $2.950 support zone, hit a low of $2.941, and then tried to recover like a cat falling off a couch. 🐱🛋️
But the bears were like, “Not so fast!” They showed up near $3.10 and the 76.4% Fib retracement level, spoiling the party. There’s also that pesky bearish trend line at $3.070 on the hourly chart. 📉🙅♂️
Now, XRP is trading below $3.050 and the 100-hourly Simple Moving Average. On the bright side, it might face resistance near $3.0450-because why not add more drama? 🎭
If it somehow breaks above $3.070, it might head toward $3.120. And if it keeps going, $3.150 or the 50% Fib retracement level could be next. But let’s not get ahead of ourselves-the bulls might hit a wall at $3.20. 🚧🐂
More Losses? Oh, Joy! 😭
If XRP can’t clear the $3.070 resistance, it’s back to the decline-mobile! 🚗💨 Initial support is near $2.9420, and the next stop is $2.920. If it breaks below $2.920, it’s a one-way ticket to $2.850. And if that breaks, $2.80 is the next pit stop. Below that? It’s a free fall, baby! 🌪️
Technical Indicators
Hourly MACD – The MACD is gaining pace in the bearish zone, like a villain in a comedy sketch. 🎭👿
Hourly RSI – The RSI is below 50, which means it’s feeling pretty meh. 😐
Major Support Levels – $2.940 and $2.880. These are the safety nets, but they’re looking a bit frayed. 🕸️
Major Resistance Levels – $3.070 and $3.10. These are the bouncers keeping XRP out of the VIP section. 🚫🎟️
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2025-08-19 07:37