{"id":3260,"date":"2025-03-04T05:11:07","date_gmt":"2025-03-04T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-rally-fades-price-surrenders-recent-gains\/"},"modified":"2025-03-04T05:11:07","modified_gmt":"2025-03-04T05:11:07","slug":"xrp-rally-fades-price-surrenders-recent-gains","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-rally-fades-price-surrenders-recent-gains\/","title":{"rendered":"XRP Rally Fades\u2014Price Surrenders Recent Gains"},"content":{"rendered":"<p><em>XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh decline from the $3.00 zone.<\/li>\n<li>The price is now trading below $2.50 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to move down if it breaks the $2.20 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Reverses<\/h2>\n<p>XRP price rallied above the $2.50 and $2.80 levels before the bears appeared, like Bitcoin and Ethereum. The price failed to clear the $3.00 resistance and started a fresh decline.<\/p>\n<p>There was a sharp move below the $2.80 and $2.60 levels. The price traded below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. There was also a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The price is now trading below $2.40 and the 100-hourly Simple Moving Average. It is now finding bids just above the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high.<\/p>\n<p>On the upside, the price might face resistance near the $2.35 level. The first major resistance is near the $2.40 level. The next resistance is $2.4750. A clear move above the $2.4750 resistance might send the price toward the $2.620 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-706279\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/XRP_Price_60cf49.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>Any more gains might send the price toward the $2.700 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n<h2>More Losses?<\/h2>\n<p>If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.120 level.<\/p>\n<p>If there is a downside break and a close below the $2.120 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 $2.20 and $2.120.<\/p>\n<p>Major Resistance Levels \u2013 $2.40 and $2.4750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support. XRP price started a fresh decline from the $3.00 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-3260","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\/3260","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=3260"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3261"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}