{"id":3309,"date":"2025-03-07T05:11:06","date_gmt":"2025-03-07T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-slips-but-buyers-hold-ground-is-a-rebound-coming\/"},"modified":"2025-03-07T05:11:06","modified_gmt":"2025-03-07T05:11:06","slug":"xrp-price-slips-but-buyers-hold-ground-is-a-rebound-coming","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-slips-but-buyers-hold-ground-is-a-rebound-coming\/","title":{"rendered":"XRP Price Slips, But Buyers Hold Ground\u2014Is a Rebound Coming?"},"content":{"rendered":"<p><em>XRP price started a fresh recovery wave from the $2.20 zone. The price is now consolidating and might struggle to clear the $2.50 resistance zone.<\/em><\/p>\n<ul>\n<li>XRP price started a decent upward move from the $2.20 support 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 $2.550 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might continue to move up if it clears the $2.5350 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Faces Hurdles<\/h2>\n<p>XRP price started a recovery wave from the $2.20 zone, like Bitcoin and Ethereum. The price was able to climb above the $2.40 and $2.50 resistance levels. However, the bears were active near $2.640.<\/p>\n<p>The price corrected some gains and dipped below $2.550. There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP\/USD pair. The pair dipped below the 50% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high.<\/p>\n<p>The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. The first major resistance is near the $2.5350 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-708406\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/XRP_Price_c263e1.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The next resistance is $2.640. A clear move above the $2.640 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.850 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.5350 resistance zone, it could start another decline. Initial support on the downside is near the $2.4250 level. The next major support is near the $2.3750 level and the 61.8% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high.<\/p>\n<p>If there is a downside break and a close below the $2.3750 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $2.4250 and $2.3750.<\/p>\n<p>Major Resistance Levels \u2013 $2.5350 and $2.640.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh recovery wave from the $2.20 zone. The price is now consolidating and might struggle to clear the $2.50 resistance zone. XRP price started a decent upward move from the $2.20 support zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-3309","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\/3309","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=3309"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3310"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}