Oh, the Price of XRP: A Tale of Rallies and Resilience

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Well, folks, it seems our dear XRP couldn’t quite muster the strength to leap over that pesky $1.680 bar, and instead, it has taken a little tumble down the hill. Now it finds itself in a pickle, trying to keep its head above water at around $1.450.

  • XRP has embarked on a downward journey, slipping below the $1.550 mark like a greased pig at a county fair.
  • Presently, it’s still managing to cling to life just above $1.450, along with its trusty 100-hourly Simple Moving Average, which, bless its heart, is doing its best.
  • A bold break below a crucial bullish line of defense at $1.4880 has occurred, leaving the XRP/USD pair looking a bit worse for wear-this information courtesy of our friends over at Kraken, who are keeping an eye on things.
  • If it can hold its ground above $1.440, we might see another attempt to rise from the ashes like a phoenix-or at least like a rather determined chicken.

The Great XRP Price Rally Takes a Breather

Just when you thought XRP was ready to soar higher than a kite in a tornado, it faltered, failing to maintain its grip above $1.620 and beginning a descent into the realm of the negative.

It even dipped below that significant 61.8% Fib retracement level-oh, how the mighty have fallen! This downward spiral traces back to the swing low of $1.3475 and the dizzying heights of $1.6713. And let’s not forget that key bullish trend line that waved goodbye at $1.4880.

But wait! The bulls are still lurking around the $1.450 territory, giving it a go above $1.4620 while still clinging to that 100-hourly Simple Moving Average like a lifebuoy in a stormy sea. Should there be a fresh surge, the price may encounter resistance at the $1.50 mark, with a major blockade at around $1.510, beyond which it could aim for $1.5450.

Now, if XRP can somehow muster up the courage to breach that $1.5450 hurdle, we could be sailing toward the $1.580 resistance before we know it. And should it continue on this positive path, it might even flirt with the $1.620 territory once more-imagine the scandal!

Will the Decline Continue?

However, dear reader, if XRP can’t shake off the shackles of that $1.510 resistance, it may very well be heading for yet another downward adventure. Initial support on this tumultuous journey lies near $1.440, with a more substantial safety net awaiting at $1.4240-another notable Fib retracement level riding shotgun on this rollercoaster ride.

If there’s a slip below the $1.4240 mark, we could be looking at a creeping decline toward $1.40, then perhaps even down to the $1.360 zone. A rather dismal outlook, wouldn’t you say?

Technical Indicators

Hourly MACD – The MACD for XRP/USD appears to be picking up speed in the bearish territory like a runaway train.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now lounging below the 50 mark, likely sipping lemonade and pondering life’s many mysteries.

Major Support Levels – $1.440 and $1.4240.

Major Resistance Levels – $1.50 and $1.510.

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2026-02-16 07:54