{"id":5169,"date":"2025-06-11T04:11:10","date_gmt":"2025-06-11T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-takes-a-breather-consolidation-phase-or-bullish-setup\/"},"modified":"2025-06-11T04:11:10","modified_gmt":"2025-06-11T04:11:10","slug":"xrp-price-takes-a-breather-consolidation-phase-or-bullish-setup","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-takes-a-breather-consolidation-phase-or-bullish-setup\/","title":{"rendered":"XRP Price Takes a Breather\u2014Consolidation Phase or Bullish Setup?"},"content":{"rendered":"<p><em>XRP price started a fresh increase above the $2.265 zone. The price is now consolidating and might aim for an upward move above the $2.30 resistance.<\/em><\/p>\n<ul>\n<li>XRP price started a decent upward move above the $2.250 zone.<\/li>\n<li>The price is now trading above $2.250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.30 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Consolidates Gains<\/h2>\n<p>XRP price formed a base and started a fresh increase from the $2.10 zone, like Bitcoin and Ethereum. There was a move above the $2.150 and $2.20 resistance levels.<\/p>\n<p>The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high.<\/p>\n<p>The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-769539\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/XRP_Price_90d483.png?resize=1024%2C449\" alt=\"XRP Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.320 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.40 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>Downside Break?<\/h2>\n<p>If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level and the trend line. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high.<\/p>\n<p>If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 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 $2.2750 and $2.250.<\/p>\n<p>Major Resistance Levels \u2013 $2.30 and $2.320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh increase above the $2.265 zone. The price is now consolidating and might aim for an upward move above the $2.30 resistance. XRP price started a decent upward move above the $2.250 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5170,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-5169","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\/5169","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=5169"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5170"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}