Oh dear, it seems the XRP price has finally taken a breather from its thrilling adventure 🎠. After a decent increase above $2.120, the price is now correcting gains and might struggle to stay in a positive zone 😬.
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- The XRP price started a downside correction and tested the $2.080 zone 📉.
- The price is now trading below $2.120 and the 100-hourly Simple Moving Average 🤔.
- A bearish trend line is forming with resistance at $2.110 on the hourly chart of the XRP/USD pair 📊 (data source from Kraken, because who doesn\’t love Kraken? 😎).
- The pair could start another increase if it clears $2.150 🚀.
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XRP Price Dips Again (Surprise, Surprise!) 😱
The XRP price started a downside correction from the $2.220 zone, because who doesn\’t love a good correction? 🤣 It dipped below the $2.20 and $2.150 levels to enter a consolidation phase 📚.
The price even dipped below the 50% Fib retracement level of the upward move from the $1.984 swing low to the $2.220 high 📊. And, because we love a good trend line, there\’s a bearish trend line forming with resistance at $2.110 on the hourly chart of the XRP/USD pair 📈.
The bulls, however, remained active above the $2.080 support 🐂. Because, you know, bulls are like superheroes 🤸\u200d♂️. The price is now trading below $2.10 and the 100-hourly Simple Moving Average 📊.
If there\’s a fresh upward move, the price might face resistance near the $2.110 level and the trend line 🚧. The first major resistance is near the $2.150 level, above which the price could rise and test $2.220 🚀.
Another Decline? (Please Tell Me No!) 😨
If XRP fails to clear the $2.150 resistance zone, it could start a fresh decline 😔. Initial support on the downside is near the $2.080 level and the 61.8% Fib retracement level of the upward move from the $1.984 swing low to the $2.220 high 📊.
If there\’s a downside break and a close below the $2.040 level, the price might continue to decline toward $2.00 📉. The next major support sits near the $1.9850 zone, below which the price could continue lower toward $1.920 📊.
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 – $2.080 and $2.040 🤑.
Major Resistance Levels – $2.110 and $2.150 🚀.
Oh dear, it seems the XRP price has finally taken a breather from its thrilling adventure 🎠. After a decent increase above $2.120, the price is now correcting gains and might struggle to stay in a positive zone 😬.
- The XRP price started a downside correction and tested the $2.080 zone 📉.
- The price is now trading below $2.120 and the 100-hourly Simple Moving Average 🤔.
- A bearish trend line is forming with resistance at $2.110 on the hourly chart of the XRP/USD pair 📊 (data source from Kraken, because who doesn’t love Kraken? 😎).
- The pair could start another increase if it clears $2.150 🚀.
XRP Price Dips Again (Surprise, Surprise!) 😱
The XRP price started a downside correction from the $2.220 zone, because who doesn’t love a good correction? 🤣 It dipped below the $2.20 and $2.150 levels to enter a consolidation phase 📚.
The price even dipped below the 50% Fib retracement level of the upward move from the $1.984 swing low to the $2.220 high 📊. And, because we love a good trend line, there’s a bearish trend line forming with resistance at $2.110 on the hourly chart of the XRP/USD pair 📈.
The bulls, however, remained active above the $2.080 support 🐂. Because, you know, bulls are like superheroes 🤸♂️. The price is now trading below $2.10 and the 100-hourly Simple Moving Average 📊.
If there’s a fresh upward move, the price might face resistance near the $2.110 level and the trend line 🚧. The first major resistance is near the $2.150 level, above which the price could rise and test $2.220 🚀.
Another Decline? (Please Tell Me No!) 😨
If XRP fails to clear the $2.150 resistance zone, it could start a fresh decline 😔. Initial support on the downside is near the $2.080 level and the 61.8% Fib retracement level of the upward move from the $1.984 swing low to the $2.220 high 📊.
If there’s a downside break and a close below the $2.040 level, the price might continue to decline toward $2.00 📉. The next major support sits near the $1.9850 zone, below which the price could continue lower toward $1.920 📊.
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 – $2.080 and $2.040 🤑.
Major Resistance Levels – $2.110 and $2.150 🚀.
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2025-12-05 07:39