{"id":4606,"date":"2025-05-13T04:11:05","date_gmt":"2025-05-13T04:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-retraces-gains-but-maintains-its-bullish-structure\/"},"modified":"2025-05-13T04:11:05","modified_gmt":"2025-05-13T04:11:05","slug":"xrp-price-retraces-gains-but-maintains-its-bullish-structure","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-retraces-gains-but-maintains-its-bullish-structure\/","title":{"rendered":"XRP Price Retraces Gains But Maintains Its Bullish Structure"},"content":{"rendered":"<p><em>XRP price found support at $2.250 and started a fresh increase. The price is now correcting gains from $2.650 and testing the $2.420 support zone.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh increase above the $2.50 zone.<\/li>\n<li>The price is now trading above $2.40 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2.4350 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if there is a close above the $2.550 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Dips To Support<\/h2>\n<p>XRP price remained supported above the $2.250 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.350 and $2.40 levels.<\/p>\n<p>The bulls pushed the price above the $2.50 resistance zone to set the pace for more gains. Finally, it tested the $2.650 zone. A high was formed at $2.6560 before there was a pullback. The price dipped below $2.50 and the 50% Fib retracement level of the upward move from the $2.3310 swing low to the $2.6560 high.<\/p>\n<p>However, the bulls are active above $2.40. The price is now trading above $2.420 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.4350 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-749943\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/XRP_Price_592129.png?resize=1024%2C479\" alt=\"XRP Price\" width=\"1024\" height=\"479\" loading=\"lazy\" \/><\/p>\n<p>On the upside, the price might face resistance near the $2.4950 level. The first major resistance is near the $2.550 level. The next resistance is $2.600. A clear move above the $2.60 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.7450 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.4350 level and the trend line. The next major support is near the $2.40 level.<\/p>\n<p>If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 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 $2.4350 and $2.40.<\/p>\n<p>Major Resistance Levels \u2013 $2.50 and $2.550.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price found support at $2.250 and started a fresh increase. The price is now correcting gains from $2.650 and testing the $2.420 support zone. XRP price started a fresh increase above the $2.50 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a key bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4607,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-4606","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\/4606","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=4606"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4607"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}