{"id":2978,"date":"2025-02-17T05:11:05","date_gmt":"2025-02-17T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-settles-after-gains-is-a-fresh-upside-move-coming\/"},"modified":"2025-02-17T05:11:05","modified_gmt":"2025-02-17T05:11:05","slug":"xrp-price-settles-after-gains-is-a-fresh-upside-move-coming","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-settles-after-gains-is-a-fresh-upside-move-coming\/","title":{"rendered":"XRP Price Settles After Gains\u2014Is a Fresh Upside Move Coming?"},"content":{"rendered":"<p><em>XRP price is consolidating gains above the $2.60 zone. The price is showing positive signs and might gain bullish momentum above $2.750.<\/em><\/p>\n<ul>\n<li>XRP price started a decent upward move above the $2.60 zone.<\/li>\n<li>The price is now trading above $2.60 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2.680 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 $2.750 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Rally Loses Steam<\/h2>\n<p>XRP price managed to stay above the $2.50 support and remained in a positive zone, unlike Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.55 and $2.65 levels.<\/p>\n<p>The price surpassed the first key barrier at $2.750. It tested the next hurdle at $2.840. A high was formed at $2.8322 and the price is now consolidating gains. There was a minor move below $2.75. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high.<\/p>\n<p>The current price action is positive. There is also a key bullish trend line forming with support at $2.680 on the hourly chart of the XRP\/USD pair. The price is now trading above $2.650 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $2.750 level. The first major resistance is near the $2.80 level. The next resistance is $2.840. A clear move above the $2.840 resistance might send the price toward the $2.920 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-697570\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/XRP_Price_7a321b.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>Any more gains might send the price toward the $3.0 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 $2.750 resistance zone, it could start another decline. Initial support on the downside is near the $2.680 level or the trend line. The next major support is near the $2.60 level and the 50% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high.<\/p>\n<p>If there is a downside break and a close below the $2.60 level, the price might continue to decline toward the $2.550 support. The next major support sits near the $2.50 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish 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 $2.680 and $2.60.<\/p>\n<p>Major Resistance Levels \u2013 $2.750 and $2.840.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is consolidating gains above the $2.60 zone. The price is showing positive signs and might gain bullish momentum above $2.750. XRP price started a decent upward move above the $2.60 zone. The price is now trading above $2.60 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-2978","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\/2978","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=2978"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2979"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}