NewsBTC 2025-05-28 02:28:29

XRP Price Struggles to Stay Afloat — Is a Breakdown Coming?

XRP price started a fresh decline from the $2.380 zone. The price is now moving lower and is currently at risk of more losses below $2.280. XRP price started a fresh decline below the $2.320 zone. The price is now trading below $2.3350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it dips below the $2.280 level. XRP Price Faces Hurdles XRP price found support at $2.2670 and recently started a recovery wave, following Bitcoin and Ethereum . There was a move above the $2.320 and $2.350 resistance levels, There was a move above the 23.6% Fib retracement level of the downward wave from the $2.4768 swing high to the $2.2670 low. Besides, there was a break above a connecting bearish trend line with resistance at $2.305 on the hourly chart of the XRP/USD pair. However, the bears were active near the $2.360 level. The price is now trading below $2.3350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.340 level. The first major resistance is near the $2.360 level. The next resistance is $2.3720. It is near the 50% Fib retracement level of the downward wave from the $2.4768 swing high to the $2.2670 low. A clear move above the $2.370 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.360 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.260 level. If there is a downside break and a close below the $2.260 level, the price might continue to decline toward the $2.2320 support. The next major support sits near the $2.20 zone. 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 – $2.260 and $2.2320. Major Resistance Levels – $2.340 and $2.3720.

Наиболее читаемые новости

Introducing LitVM: Litecoin’s New Zero-Knowle...
2025-05-31
Ethereum Whales Offload 684.1K ETH as Selling...
2025-05-31
FTX Begins Distribution of Over $5 Billion to...
2025-05-31
Bitcoin Will Soar, Altcoins Won’t—Charles Edw...
2025-05-31
Ethereum whales offload 684k tokens: How was...
2025-05-31
4 Best Performing Crypto Picks Today – Web3 a...
2025-05-31
Next Crypto to Hit $1: This Cheap Altcoin Wil...
2025-05-31
PEPE Whale Moves 20 Trillion Tokens to Binanc...
2025-05-31

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения