{"id":3698,"date":"2025-03-27T05:11:06","date_gmt":"2025-03-27T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-rejected-at-resistance-are-bears-taking-control\/"},"modified":"2025-03-27T05:11:06","modified_gmt":"2025-03-27T05:11:06","slug":"xrp-price-rejected-at-resistance-are-bears-taking-control","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-rejected-at-resistance-are-bears-taking-control\/","title":{"rendered":"XRP Price Rejected at Resistance\u2014Are Bears Taking Control?"},"content":{"rendered":"<p><em>XRP price started a fresh decline from the $2.50 resistance zone. The price is now recovering and might face resistance near the $2.42 level.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh decline after it failed to clear the $2.50 resistance zone.<\/li>\n<li>The price is now trading below $2.420 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $2.440 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might extend losses if it breaks the $2.350 support zone.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price failed to continue higher above the $2.50 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.42 and $2.40 levels.<\/p>\n<p>There was a break below a connecting bullish trend line with support at $2.440 on the hourly chart of the XRP\/USD pair. The pair even spiked below $2.35. A low was formed at $2.329 and the price is now recovering some losses. There was a move above $2.38.<\/p>\n<p>The price surpassed the 23.6% Fib retracement level of the recent decline from the $2.478 swing high to the $2.329 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $2.40 level and the 50% Fib retracement level of the recent decline from the $2.478 swing high to the $2.329 low. The first major resistance is near the $2.420 level. The next resistance is $2.450.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-719127\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/XRP_Price_44ea65.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.6650 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 $2.420 resistance zone, it could start another decline. Initial support on the downside is near the $2.350 level or the trend line. The next major support is near the $2.320 level.<\/p>\n<p>If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.150 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing 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 $2.350 and $2.320.<\/p>\n<p>Major Resistance Levels \u2013 $2.420 and $2.450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline from the $2.50 resistance zone. The price is now recovering and might face resistance near the $2.42 level. XRP price started a fresh decline after it failed to clear the $2.50 resistance zone. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. There was a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3699,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-3698","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\/3698","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=3698"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3699"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}