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Home Market & Analysis

XRP Recovery Stalls—Are Bears Still In Control?

n70products by n70products
April 2, 2025
in Market & Analysis
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XRP Price Slides Slowly—Is a Bigger Drop Coming?
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XRP worth began a recent decline from the $2.20 zone. The worth is now consolidating and would possibly face hurdles close to the $2.120 degree.

  • XRP worth began a recent decline after it didn’t clear the $2.20 resistance zone.
  • The worth is now buying and selling beneath $2.150 and the 100-hourly Easy Transferring Common.
  • There’s a connecting bearish development line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (information supply from Kraken).
  • The pair would possibly lengthen losses if it fails to clear the $2.20 resistance zone.

XRP Worth Faces Rejection

XRP worth didn’t proceed greater above the $2.20 resistance zone and reacted to the draw back, like Bitcoin and Ethereum. The worth declined beneath the $2.150 and $2.120 ranges.

The bears had been in a position to push the worth beneath the 50% Fib retracement degree of the restoration wave from the $2.023 swing low to the $2.199 excessive. There’s additionally a connecting bearish development line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.

The worth is now buying and selling beneath $2.150 and the 100-hourly Easy Transferring Common. Nevertheless, the bulls at the moment are energetic close to the $2.10 assist degree. They’re defending the 61.8% Fib retracement degree of the restoration wave from the $2.023 swing low to the $2.199 excessive.

XRP Price

On the upside, the worth would possibly face resistance close to the $2.120 degree and the development line zone. The primary main resistance is close to the $2.150 degree. The subsequent resistance is $2.20. A transparent transfer above the $2.20 resistance would possibly ship the worth towards the $2.240 resistance. Any extra good points would possibly ship the worth towards the $2.2650 resistance and even $2.2880 within the close to time period. The subsequent main hurdle for the bulls is perhaps $2.320.

One other Decline?

If XRP fails to clear the $2.150 resistance zone, it may begin one other decline. Preliminary assist on the draw back is close to the $2.10 degree. The subsequent main assist is close to the $2.0650 degree.

If there’s a draw back break and an in depth beneath the $2.0650 degree, the worth would possibly proceed to say no towards the $2.020 assist. The subsequent main assist sits close to the $2.00 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for XRP/USD is now beneath the 50 degree.

Main Assist Ranges – $2.10 and $2.050.

Main Resistance Ranges – $2.120 and $2.20.



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