{"id":3184,"date":"2025-02-28T05:11:06","date_gmt":"2025-02-28T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-wobbles-at-2-00-will-bulls-step-in-to-save-the-week\/"},"modified":"2025-02-28T05:11:06","modified_gmt":"2025-02-28T05:11:06","slug":"xrp-price-wobbles-at-2-00-will-bulls-step-in-to-save-the-week","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-wobbles-at-2-00-will-bulls-step-in-to-save-the-week\/","title":{"rendered":"XRP Price Wobbles at $2.00\u2014Will Bulls Step In to Save The Week?"},"content":{"rendered":"<p><em>XRP price started a fresh decline below the $2.250 and $2.20 support levels. The price is now consolidating losses and remains at risk of more losses.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh decline below the $2.250 level.<\/li>\n<li>The price is now trading below $2.220 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to move down unless there is a close above the $2.30 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Dips Further<\/h2>\n<p>XRP price failed to continue higher above the $2.350 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.25 and $2.20 support levels.<\/p>\n<p>The price even dipped below the $2.120 support to enter a bearish zone. A low was formed at $2.0220 and the price is now struggling to stay above $2.0. The price is showing many bearish signs below the 23.6% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low.<\/p>\n<p>The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.20 level or the 50% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-704240\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/XRP_Price_4e07fe.png?resize=1024%2C478\" alt=\"XRP Price \" width=\"1024\" height=\"478\" \/><\/p>\n<p>There is also a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP\/USD pair. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.020 level. The next major support is near the $2.00 level.<\/p>\n<p>If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.9650 support. The next major support sits near the $1.880 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 $2.020 and $2.00.<\/p>\n<p>Major Resistance Levels \u2013 $2.20 and $2.30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline below the $2.250 and $2.20 support levels. The price is now consolidating losses and remains at risk of more losses. XRP price started a fresh decline below the $2.250 level. The price is now trading below $2.220 and the 100-hourly Simple Moving Average. There is a key bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-3184","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\/3184","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=3184"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3185"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}