{"id":2226,"date":"2025-01-08T05:11:06","date_gmt":"2025-01-08T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-corrects-limited-downside-keeps-bulls-optimistic\/"},"modified":"2025-01-08T05:11:06","modified_gmt":"2025-01-08T05:11:06","slug":"xrp-price-corrects-limited-downside-keeps-bulls-optimistic","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-corrects-limited-downside-keeps-bulls-optimistic\/","title":{"rendered":"XRP Price Corrects: Limited Downside Keeps Bulls Optimistic"},"content":{"rendered":"<p><em>XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance.<\/em><\/p>\n<ul>\n<li>XRP price is struggling to gain pace for a move above the $2.40 zone.<\/li>\n<li>The price is now trading below $2.350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a short-term rising channel with support at $2.390 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 $2.250 support.<\/li>\n<\/ul>\n<h2>XRP Price Dips Below $2.32<\/h2>\n<p>XRP price failed to extend gains above the $2.48 and $2.50 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.40 and $2.32 support levels.<\/p>\n<p>Besides, there was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP\/USD pair. The last swing low was formed at $2.26, and the price is now consolidating. There was a move above the $2.32 level. The price cleared the 23.6% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low.<\/p>\n<p>The price is now trading below $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.365 level or the 50% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-672327\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/XRP_Price_093281.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance is near the $2.40 level. The next resistance is $2.42. A clear move above the $2.42 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.720.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.300 level. The next major support is near the $2.250 level.<\/p>\n<p>If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 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 $2.30 and $2.250.<\/p>\n<p>Major Resistance Levels \u2013 $2.3650 and $2.400.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is struggling to gain pace for a move above the $2.40 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There was a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-2226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2226"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2227"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}