{"id":667403,"date":"2024-12-27T04:08:44","date_gmt":"2024-12-27T04:08:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=667403"},"modified":"2024-12-27T03:01:08","modified_gmt":"2024-12-27T03:01:08","slug":"xrp-price-takes-hit-2-12","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-takes-hit-2-12\/","title":{"rendered":"XRP Price Takes a 5% Hit: Is More Downside Ahead?"},"content":{"rendered":"<p><em>XRP price failed to continue higher above $2.35 and declined. The price is down over 5% and is showing bearish signs below the $2.20 level.<\/em><\/p>\n<ul>\n<li>XRP price started another decline below the $2.250 support level.<\/li>\n<li>The price is now trading below $2.25 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start a fresh increase if it stays above the $2.120 support.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price failed to clear the $2.35 resistance and started a fresh decline, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-another-hit-95k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-falls-again-3300\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a sharp move below the $2.30 and $2.50 support levels.<\/p>\n<p>Besides, there was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP\/USD pair. The pair declined over 5% and even tested the $2.120 zone. A low was formed at $2.126 and the price is now consolidating losses.<\/p>\n<p>It corrected some losses and climbed above $2.15. It tested the 23.6% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. The price is now trading below $2.25 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $2.18 level. The first major resistance is near the $2.20 level. The next resistance is $2.24 or the 50% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. A clear move above the $2.24 resistance might send the price toward the $2.30 resistance.<\/p>\n<figure id=\"attachment_667404\" aria-describedby=\"caption-attachment-667404\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-667404\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP_Price_fe631b.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-667404\" 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>Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.450.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $2.24 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level. The next major support is near the $2.10 level.<\/p>\n<p>If there is a downside break and a close below the $2.10 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 gaining 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 $2.120 and $2.100.<\/p>\n<p>Major Resistance Levels \u2013 $2.180 and $2.240.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price failed to continue higher above $2.35 and declined. The price is down over 5% and is showing bearish signs below the $2.20 level. XRP price started another decline below the $2.250 support level. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.120 support. XRP Price Dips Again XRP price failed to clear the $2.35 resistance and started a fresh decline, like Bitcoin and Ethereum. There was a sharp move below the $2.30 and $2.50 support levels. Besides, there was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP\/USD pair. The pair declined over 5% and even tested the $2.120 zone. A low was formed at $2.126 and the price is now consolidating losses. It corrected some losses and climbed above $2.15. It tested the 23.6% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.18 level. The first major resistance is near the $2.20 level. The next resistance is $2.24 or the 50% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. A clear move above the $2.24 resistance might send the price toward the $2.30 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.450. More Losses? If XRP fails to clear the $2.24 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level. The next major support is near the $2.10 level. If there is a downside break and a close below the $2.10 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 gaining 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 $2.120 and $2.100. Major Resistance Levels \u2013 $2.180 and $2.240.<\/p>\n","protected":false},"author":67,"featured_media":667405,"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-667403","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 Takes a 5% Hit: Is More Downside Ahead?<\/title>\n<meta name=\"description\" content=\"XRP price failed to continue higher above $2.35 and declined. 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