Oh look, XRP‘s price decided to take a little dive below the $2.250 and $2.20 support levels. Now it’s just chilling, contemplating whether to dive deeper into the abyss.
- Because why not, XRP price decided to say “adios” to the $2.250 level.
- Currently, it’s hanging out below $2.220 and the 100-hourly Simple Moving Average. Party time!
- There’s a pesky bearish trend line forming with resistance at $2.20. Yay, more bad news!
- Unless the bulls decide to show up and push the price above $2.30, the downward spiral continues. Anybody got a lifeboat?
XRP Price: The Great Escape…to Lower Levels
XRP price tried to play hero and go above $2.350, but nah, it’s more fun to fall like Bitcoin and Ethereum. Down, down, down it went past $2.25 and $2.20.
It even dipped below $2.120 like it was going for a swim in the bearish zone. A low was formed at $2.0220, and now it’s putting up a brave fight to stay above $2.0. Because below that, it’s just sad emojis and tissues.
It’s currently trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, it might face resistance near the $2.120 level. But who are we kidding, right?
There’s also a key bearish trend line forming with resistance at $2.20. Next up, $2.30. If it somehow manages to jump above $2.30, it might just make it to $2.350. But let’s not get ahead of ourselves, it’s XRP we’re talking about.
Brace for Impact: More Losses Incoming?
If XRP can’t break through the $2.20 resistance zone, it’s back to playing in the mud. Initial support is near the $2.020 level, but let’s be real, it’s just a speed bump.
If it closes below $2.00, it’s officially a free fall. Next stop, $1.9650, followed by the $1.880 zone. Yikes.
Technical Indicators (AKA: The Crystal Ball)
Hourly MACD â It’s like the MACD is running a race in the bearish zone. Go, MACD, go!
Hourly RSI (Relative Strength Index) â The RSI is now below the 50 level. Shocking, I know.
Major Support Levels â $2.020 and $2.00. Fingers crossed!
Major Resistance Levels â $2.20 and $2.30. Dream big, XRP!
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2025-02-28 07:18