XRP’s Wild Ride: Will It Crash or Soar? 🚀📉

Oh, XRP, you fickle beast! You’re struggling to climb above $2.50 like a kid trying to reach the cookie jar on the top shelf. And now? You’re sliding down faster than a greased-up penguin on a waterslide. Will you dip below $2.30? Stay tuned, folks!

XRP started its descent from the $2.50 zone—because why stay up when you can go down? 🤷‍♂️
It’s now trading below $2.420 and the 100-hourly Simple Moving Average. Yawn. 🥱
There’s a “key bullish trend line” forming at $2.3650. Key? Sure. Bullish? We’ll see. 🐂
If it clears $2.50, it might actually go up. Big if. 🤔

XRP tried to settle above $2.50 but failed harder than a comedian at a funeral. It started another decline from $2.52, like Bitcoin and Ethereum—because misery loves company. It even dipped below $2.45, because why not?

It’s now below the 50% Fib retracement level of its upward move from $2.31 to $2.52. It even spiked below $2.40, because apparently, it enjoys self-sabotage. But hey, there’s that “key bullish trend line” at $2.3650. Let’s see if it holds or if XRP decides to nosedive into oblivion.

On the upside, $2.440 is the first resistance. The first major resistance is $2.50. If it clears $2.520, it might head toward $2.60. Any more gains? Maybe $2.650 or even $2.720. The next major hurdle? $2.80. But let’s not get ahead of ourselves.

If XRP fails to clear $2.50, it could start another decline. Initial support is at $2.3620. The next major support is $2.2650. If it breaks below that, it might continue to decline toward $2.140. The next major support? $2.050. Buckle up, folks!

Technical Indicators

Hourly MACD – The MACD for XRP/USD is losing pace in the bullish zone. Shocking. 😱

Hourly RSI – The RSI is now below 50. Not great, not terrible. 😐

Major Support Levels – $2.3650 and $2.280. Let’s hope they hold. 🤞

Major Resistance Levels – $2.50 and $2.60. Good luck with that. 🍀

2025-02-12 07:19

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