{"id":657630,"date":"2024-12-05T04:08:16","date_gmt":"2024-12-05T04:08:16","guid":{"rendered":"https:\/\/wncen.com\/?p=657630"},"modified":"2024-12-05T03:12:35","modified_gmt":"2024-12-05T03:12:35","slug":"xrp-price-revisits-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-revisits-support\/","title":{"rendered":"XRP Price Revisits Key Level: Will The Bulls Return?"},"content":{"rendered":"<p><em>XRP price started a downside correction below the $2.50 support. The price is consolidating near $2.20 and might aim for a fresh increase above the $2.45 level.<\/em><\/p>\n<ul>\n<li>XRP price started another decline and traded below the $2.40 level.<\/li>\n<li>The price is now trading below $2.50 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.50 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Revisits Key Support At $2.20<\/h2>\n<p>XRP price made another attempt to clear the $2.70 resistance. However, it failed to surpass $2.70 and corrected some gains unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-soars-to-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and like <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-rockets-up-4000\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move below the $2.50 and $2.40 levels.<\/p>\n<p>A low was formed at $2.166 and the price is now correcting losses. There was a move above the $2.20 and $2.25 levels. The bulls pushed it back above the 23.6% Fib retracement level of the recent decline from the $2.865 swing high to the $2.166 low.<\/p>\n<p>The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. The first major resistance is near the $2.50 level. It is close to the 50% Fib retracement level of the recent decline from the $2.865 swing high to the $2.166 low.<\/p>\n<figure id=\"attachment_657631\" aria-describedby=\"caption-attachment-657631\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-657631\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?resize=1024%2C478\" alt=\"XRP Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_4d305a.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-657631\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>There is also a key bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP\/USD pair. The next key resistance could be $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.70 resistance or even $2.850 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n<h2>More Downsides?<\/h2>\n<p>If XRP fails to clear the $2.500 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.20 level.<\/p>\n<p>If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support and the trend line. The next major support sits near the $2.00 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $2.2000 and $2.0500.<\/p>\n<p>Major Resistance Levels \u2013 $2.4000 and $2.5000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a downside correction below the $2.50 support. The price is consolidating near $2.20 and might aim for a fresh increase above the $2.45 level. XRP price started another decline and traded below the $2.40 level. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.50 resistance. XRP Price Revisits Key Support At $2.20 XRP price made another attempt to clear the $2.70 resistance. However, it failed to surpass $2.70 and corrected some gains unlike Bitcoin and like Ethereum. There was a move below the $2.50 and $2.40 levels. A low was formed at $2.166 and the price is now correcting losses. There was a move above the $2.20 and $2.25 levels. The bulls pushed it back above the 23.6% Fib retracement level of the recent decline from the $2.865 swing high to the $2.166 low. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. The first major resistance is near the $2.50 level. It is close to the 50% Fib retracement level of the recent decline from the $2.865 swing high to the $2.166 low. There is also a key bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP\/USD pair. The next key resistance could be $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.70 resistance or even $2.850 in the near term. The next major hurdle for the bulls might be $3.00. More Downsides? If XRP fails to clear the $2.500 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support and the trend line. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $2.2000 and $2.0500. Major Resistance Levels \u2013 $2.4000 and $2.5000.<\/p>\n","protected":false},"author":67,"featured_media":657632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-657630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Revisits Key Level: Will The Bulls Return?<\/title>\n<meta name=\"description\" content=\"XRP price started a downside correction below the $2.50 support. 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