{"id":2767,"date":"2025-02-06T05:11:05","date_gmt":"2025-02-06T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-struggles-to-keep-pace-whats-holding-it-back\/"},"modified":"2025-02-06T05:11:05","modified_gmt":"2025-02-06T05:11:05","slug":"xrp-price-struggles-to-keep-pace-whats-holding-it-back","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-struggles-to-keep-pace-whats-holding-it-back\/","title":{"rendered":"XRP Price Struggles to Keep Pace: What\u2019s Holding It Back?"},"content":{"rendered":"<p><em>XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level.<\/em><\/p>\n<ul>\n<li>XRP price started a strong upward move above the $2.50 level.<\/li>\n<li>The price is now trading below $2.60 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2.60 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 clears the $2.60 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Recovery Could Soon Fade<\/h2>\n<p>XRP price started a recovery wave above the $2.00 support zone, like Bitcoin and Ethereum. The price gained pace for a move above the $2.20 and $2.45 resistance levels.<\/p>\n<p>The bulls pumped the price above the $2.60 level. However, the bears remained active near the $2.75 level. A high was formed at $2.780 and the price is now correcting gains. There was a move below the $2.60 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high.<\/p>\n<p>The price is now trading below $2.60 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.60 level. There is also a connecting bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-691515\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/XRP_Price_712340.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance is near the $2.70 level. The next resistance is $2.780. A clear move above the $2.780 resistance might send the price toward the $2.940 resistance. Any more gains might send the price toward the $3.000 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level or the Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high. The next major support is near the $2.150 level.<\/p>\n<p>If there is a downside break and a close below the $2.150 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 $2.260 and $2.150.<\/p>\n<p>Major Resistance Levels \u2013 $2.60 and $2.70.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-2767","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\/2767","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=2767"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2768"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}