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{"id":683501,"date":"2025-01-27T04:28:36","date_gmt":"2025-01-27T04:28:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=683501"},"modified":"2025-01-27T03:50:28","modified_gmt":"2025-01-27T03:50:28","slug":"xrp-price-sees-a-bearish-shift-3-00","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-sees-a-bearish-shift-3-00\/","title":{"rendered":"XRP Price Sees a Bearish Shift: Key Levels to Watch"},"content":{"rendered":"

XRP price struggled to continue higher above the $3.20 level. The price dipped below $3.00 and is currently attempting to start a recovery wave.<\/em><\/p>\n

\n
XRP price started a downside correction from the $3.20 zone.<\/li>\n
The price is now trading below $3.050 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support at $3.120 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair might start a fresh increase if it stays above the $3.00 support.<\/li>\n<\/ul>\n
XRP Price Dips Just Below Support<\/h2>\n
XRP price struggled to continue higher above the $3.20 resistance and reacted to the downside, like Bitcoin<\/a> and Ethereum<\/a>. The price dipped below the $3.15 and $3.12 support levels.<\/p>\n
There was a break below a key bullish trend line with support at $3.120 on the hourly chart of the XRP\/USD pair. The pair even spiked below the $3.00 support. A low was formed at $2.940 and the price is now consolidating losses.<\/p>\n
The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a minor move above the 23.6% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low.<\/p>\n
On the upside, the price might face resistance near the $3.050 level or the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low. The first major resistance is near the $3.150 level. The next resistance is $3.20.<\/p>\n
$\"XRP$ <\/a>
Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.350 resistance or even $3.3650 in the near term. The next major hurdle for the bulls might be $3.450.<\/p>\n
More Losses?<\/h2>\n
If XRP fails to clear the $3.050 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level.<\/p>\n
If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $3.00 and $2.950.<\/p>\n
Major Resistance Levels \u2013 $3.050 and $3.120.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP price struggled to continue higher above the $3.20 level. The price dipped below $3.00 and is currently attempting to start a recovery wave. XRP price started a downside correction from the $3.20 zone. The price is now trading below $3.050 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3.120 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 $3.00 support. XRP Price Dips Just Below Support XRP price struggled to continue higher above the $3.20 resistance and reacted to the downside, like Bitcoin and Ethereum. The price dipped below the $3.15 and $3.12 support levels. There was a break below a key bullish trend line with support at $3.120 on the hourly chart of the XRP\/USD pair. The pair even spiked below the $3.00 support. A low was formed at $2.940 and the price is now consolidating losses. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There was a minor move above the 23.6% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low. On the upside, the price might face resistance near the $3.050 level or the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.940 low. The first major resistance is near the $3.150 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.350 resistance or even $3.3650 in the near term. The next major hurdle for the bulls might be $3.450. More Losses? If XRP fails to clear the $3.050 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 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 $3.00 and $2.950. Major Resistance Levels \u2013 $3.050 and $3.120.<\/p>\n","protected":false},"author":67,"featured_media":683503,"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-683501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Sees a Bearish Shift: Key Levels to Watch<\/title>\n<meta name=\"description\" content=\"XRP price struggled to continue higher above the $3.20 level. 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