XRP’s Descent into Financial Absurdity: A Bear Market Ballet

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XRP price, in a display of modesty, has now taken a seat below $1.40. The market’s descent is less a crash and more a genteel waltz down the stairs, albeit with a noticeable limp.

  • XRP, ever the humble guest, has retreated below the $1.420 zone, now nestled cozily beneath the 100-hourly SMA like a shivering hedgehog.
  • The price’s latest move has drawn a bearish trend line so confident, one might mistake it for a new fashion statement in the crypto haute couture.
  • Resistance at $1.4620 looms like a particularly uninviting buffet at a family reunion. A close above it? Preposterous.
  • If the price clings to its newfound friend, $1.4650, it will soon be pen-palling the depths of despair at $1.3620.

XRP Price Extends Losses

XRP’s recent performance has been a masterclass in humility, tumbling below $1.450 with the grace of a teacup falling from a third-floor window. The market’s hope of a recovery is about as likely as a penguin in a tuxedo chairing a board meeting.

The price, now nestled below $1.40, has formed a low at $1.3816-proof that even cryptocurrencies can master the art of the understatement. A minor rebound above the 23.6% Fib level? A fleeting illusion, like a mirage in a crypto desert.

The price’s current residence below $1.420 and the 100-hourly SMA suggests a party where the guest list is strictly for bears. Should the bulls dare a rally, they’ll face resistance at $1.4320, a level so formidable it could give a brick wall a complex.

Resistance at $1.4620 is now a bearish trend line’s most ardent admirer. A close above it? Unlikely. A fall below? A foregone conclusion.

The next hurdle at $1.50 is a fantasy land for optimists. Should XRP breach it, the path to $1.550 will be paved with the shattered dreams of hopeful investors.

Downside Continuation?

If XRP cannot conquer $1.4620, it will embark on a journey to $1.3850, a destination so bleak it could rival the Sahara in a drought. Support at $1.3980 is a mere stepping stone to the abyss.

A break below $1.3850 will see the price sprinting toward $1.3620, where it will join the ranks of forgotten altcoins. The $1.350 zone awaits like a grim reaper with a calculator.

Technical Indicators

Hourly MACD – Now accelerating in the bearish zone like a caffeinated sloth.

Hourly RSI – Below 50, where it belongs, given the market’s enthusiasm for self-destruction.

Major Support Levels – $1.3850 and $1.3620. A holiday home for bears.

Major Resistance Levels – $1.4500 and $1.4620. A fortress for the faint-hearted.

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2026-02-20 07:34