XRP Price Struggles at $2.50 Resistance: Is a Rebound Coming?

by

🚨 XRP Price Plummets: Will It Ever Rebound? 🚨

XRP price is like a teenager’s mood swings – it starts a fresh recovery wave, then promptly forgets it ever happened. The price is now consolidating, because of course it is, and might struggle to clear the $2.50 resistance zone. Because, you know, it’s not like it’s going to magically go up or anything.

  • XRP price started a decent upward move from the $2.20 support zone. Because who needs a clear plan when you’ve got a support zone, right?
  • The price is now trading below $2.50 and the 100-hourly Simple Moving Average. Because who needs to make progress when you can just stay stuck?
  • There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP/USD pair. Because, of course, there was. It’s not like the bulls were actually going to win or anything.
  • The pair might continue to move up if it clears the $2.5350 resistance zone. But let’s be real, it’s not like that’s going to happen.

XRP Price Faces Hurdles (Again)

XRP price started a recovery wave from the $2.20 zone, because it’s not like it had anything better to do. The price was able to climb above the $2.40 and $2.50 resistance levels, but then promptly forgot it ever happened.

The price corrected some gains and dipped below $2.550. Because, you know, it’s not like it was going to stay above it or anything. There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP/USD pair. The pair dipped below the 50% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high. Because, of course, it did.

The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. Because, you know, it’s not like it’s going to magically go up or anything. The first major resistance is near the $2.5350 level. Because, of course, it is.

The next resistance is $2.640. A clear move above the $2.640 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.850 in the near term. But let’s be real, it’s not like that’s going to happen. The next major hurdle for the bulls might be $3.00. Because, of course, it is.

Another Decline? (Sigh)

If XRP fails to clear the $2.5350 resistance zone, it could start another decline. Because, you know, it’s not like it’s going to magically go up or anything. Initial support on the downside is near the $2.4250 level. The next major support is near the $2.3750 level and the 61.8% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high. Because, of course, it is.

If there is a downside break and a close below the $2.3750 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone. Because, you know, it’s not like it’s going to magically go up or anything.

Technical Indicators (Because You Care)

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Because, of course, it is.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Because, you know, it’s not like it’s going to magically go up or anything.

Major Support Levels – $2.4250 and $2.3750. Because, of course, they are.

Major Resistance Levels – $2.5350 and $2.640. Because, you know, it’s not like it’s going to magically go up or anything.

Read More

2025-03-07 08:09