Can XRP Pull It Together, or Is It Headed for a Tumble? 😱💸

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Well, it seems the price of XRP decided that staying above $2.350 was a tad too ambitious and promptly trimmed its gains. Now, it’s consolidating, probably wondering whether it can stay afloat above the $2.150 mark in the near future. Spoiler: it’s not looking promising.

  • XRP price failed to soar above $2.420 and instead decided to take a nosedive. Charming.
  • Currently, the price is slumming it below $2.30, and let’s not even mention the 100-hourly Simple Moving Average – it’s not exactly throwing a party either.
  • Oh, and there was a nice little break below a bullish trend line with support at $2.360 on the hourly chart of XRP/USD (thanks Kraken, very helpful).
  • If the price dips below $2.150, well, we might be looking at a more prolonged downward spiral. Fantastic!

XRP Price Dips Again (Like It Wasn’t Already Feeling Low Enough)

XRP tried to put on a brave face with a mini recovery above $2.25 and $2.30. It even had the audacity to aim for a push above $2.40, but no – it couldn’t quite manage to clear $2.42. Classic overachiever.

It hit a high at $2.414 before plummeting back down, as if it was testing the ground to see how far it could go. The drop took it below $2.33, with a new low forming under $2.32. What a rollercoaster.

Not to be outdone, XRP decided to go below the 50% Fib retracement level of its last upward move from $2.066 to $2.414. Yeah, because why not make it more dramatic?

To add some spice, it also broke below the bullish trend line at $2.360 on the hourly chart. And now, here we are, trading below $2.30, while the 100-hourly Simple Moving Average just sighs in the background.

So, where does this leave us? The bulls are lingering near $2.20, clutching to the 61.8% Fib retracement level like it’s a life raft. If things improve (and they might), resistance will show its ugly head around the $2.30 mark, and the real battle starts at $2.350. But hey, at least it could rise and test $2.420, if that makes you feel better.

Should XRP actually clear $2.420, we might see it push towards $2.50. If it gets really ambitious, $2.550 is the next stop. But let’s be real, the true test is when the bulls try to breach the $2.650 resistance. Good luck with that!

Another Decline? Say It Ain’t So!

If XRP doesn’t manage to clear the $2.30 resistance zone (which is entirely plausible), get ready for another dip. Support looks a little weak near the $2.20 level, but it’s still holding on.

The next big stop is $2.150. If it breaks below that, well, we could see it hurtling towards $2.050. The real fun begins if it goes below $2.00 – expect more sadness towards $1.840.

Technical Indicators (Because We Love Fancy Terms)

Hourly MACD – The MACD for XRP/USD is cruising in the bearish zone. Not ideal, unless you’re into that sort of thing.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is below the 50 level. Guess that’s what happens when the market gets a bit grumpy.

Major Support Levels – $2.20 and $2.150. Let’s hope they hold.

Major Resistance Levels – $2.30 and $2.420. Looks like a tall order, but who knows?

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2025-11-07 07:48