XRP Price Turns Lower as a Familiar Pattern Reappears Again
Analysis
Price Impact
HighXrp price has failed to sustain gains above $1.920 and $1.850, initiating a fresh decline. it has broken below key support levels and the 100-hourly simple moving average, indicating significant downward pressure.
Trustworthiness
HighThe source explicitly states a strict editorial policy focusing on accuracy, relevance, and impartiality, created by industry experts, meticulously reviewed, and adhering to the highest standards in reporting and publishing.
Price Direction
BearishXrp is showing strong bearish signs, trading below $1.850 and the 100-hourly sma. a bearish trend line is forming at $1.920, the hourly macd is gaining pace in the bearish zone, and the hourly rsi is below the 50 level. further declines are expected if it fails to clear $1.8520, with targets towards $1.7620 and potentially $1.70.
Time Effect
ShortThe analysis is based on hourly charts and indicators like the 100-hourly simple moving average, macd, and rsi, which are typically used for short-term price movements and predictions.
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price failed to gain pace above $1.920 and trimmed gains. The price is now struggling and faces resistance near the $1.820 level. XRP price started a fresh decline below the $1.850 zone. The price is now trading below $1.850 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $1.780. XRP Price Dips To New Weekly Lows XRP price attempted a recovery wave above $1.90 but failed to continue higher, like Bitcoin and Ethereum . The price started a fresh decline below $1.880 and $1.850. There was a move below the $1.820 support level. A low was formed at $1.7707, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $1.9331 swing high to the $1.7707 low. The price is now trading below $1.850 and the 100-hourly Simple Moving Average. There is also a bearish trend line forming with resistance at $1.920 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $1.810 level. The first major resistance is near the $1.8520 level or the 50% Fib retracement level of the downward move from the $1.9331 swing high to the $1.7707 low. A close above $1.8520 could send the price to $1.880. Source: XRPUSD on TradingView.com The next hurdle sits at $1.920 and the trend line. A clear move above the $1.920 resistance might send the price toward the $1.9650 resistance. Any more gains might send the price toward the $2.00 resistance. The next major hurdle for the bulls might be near $2.050. More Losses? If XRP fails to clear the $1.8520 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.780 level. The next major support is near the $1.7620 level. If there is a downside break and a close below the $1.7620 level, the price might continue to decline toward $1.720. The next major support sits near the $1.70 zone, below which the price could continue lower toward $1.680. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.780 and $1.7620. Major Resistance Levels – $1.8520 and $1.920.