{"id":665515,"date":"2024-12-20T04:08:39","date_gmt":"2024-12-20T04:08:39","guid":{"rendered":"https:\/\/wncen.com\/?p=665515"},"modified":"2024-12-20T03:13:23","modified_gmt":"2024-12-20T03:13:23","slug":"xrp-price-shows-resilience-2-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-shows-resilience-2-20\/","title":{"rendered":"XRP Price Shows Resilience While BTC Sinks Deeper"},"content":{"rendered":"<p><em>XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance.<\/em><\/p>\n<ul>\n<li>XRP price remained stable above the $2.20 zone.<\/li>\n<li>The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2.35 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 $2.40 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Stays Above $2.20<\/h2>\n<p>XRP price remained well-bid above the $2.20 support level, unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-decline-continues-95500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-plunge-3320\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. A low was formed at $2.17 and the price traded in a range below the $2.40 level.<\/p>\n<p>There was a minor increase above the $2.25 and $2.30 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $2.35 level. There is also a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP\/USD pair.<\/p>\n<figure id=\"attachment_665516\" aria-describedby=\"caption-attachment-665516\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-665516\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-665516\" 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>The first major resistance is near the $2.40 level. The next resistance is $2.45 or the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.620 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 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. 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 bearish 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 $2.20 and $2.050.<\/p>\n<p>Major Resistance Levels \u2013 $2.35 and $2.40.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Stays Above $2.20 XRP price remained well-bid above the $2.20 support level, unlike Bitcoin and Ethereum. A low was formed at $2.17 and the price traded in a range below the $2.40 level. There was a minor increase above the $2.25 and $2.30 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.35 level. There is also a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $2.40 level. The next resistance is $2.45 or the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.620 in the near term. The next major hurdle for the bulls might be $2.80. Are Dips Limited? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 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. 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 bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $2.20 and $2.050. Major Resistance Levels \u2013 $2.35 and $2.40.<\/p>\n","protected":false},"author":67,"featured_media":665517,"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-665515","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 Shows Resilience While BTC Sinks Deeper<\/title>\n<meta name=\"description\" content=\"XRP price remained stable above the $2.20 support zone. 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