{"id":7458,"date":"2025-10-08T04:11:03","date_gmt":"2025-10-08T04:11:03","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-price-dips-below-support-is-a-bearish-breakdown-now-underway\/"},"modified":"2025-10-08T04:11:03","modified_gmt":"2025-10-08T04:11:03","slug":"xrp-price-dips-below-support-is-a-bearish-breakdown-now-underway","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-price-dips-below-support-is-a-bearish-breakdown-now-underway\/","title":{"rendered":"XRP Price Dips Below Support \u2013 Is A Bearish Breakdown Now Underway?"},"content":{"rendered":"<p><em>XRP price started a fresh decline below $2.920. The price is now consolidating losses and might continue to move down if it trades below $2.850.<\/em><\/p>\n<ul>\n<li>XRP price is slowly moving lower below the $2.920 pivot zone.<\/li>\n<li>The price is now trading below $2.950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key declining channel with support at $2.90 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh decline if it settles below $2.850.<\/li>\n<\/ul>\n<h2>XRP Price Dips Again<\/h2>\n<p>XRP price failed to stay above $3.020 and started a fresh decline, like Bitcoin and Ethereum. The price declined below $3.00 and $2.950 to enter a short-term bearish zone.<\/p>\n<p>Besides, there was a break below a key declining channel with support at $2.90 on the hourly chart of the XRP\/USD pair. The price tested the $2.850 zone and is currently consolidating losses below the 23.6% Fib retracement level of the downward move from the $3.049 swing high to the $2.850 swing low.<\/p>\n<p>The price is now trading below $2.920 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.90 level. The first major resistance is near the $2.950 level and the 50% Fib retracement level of the downward move from the $3.049 swing high to the $2.850 swing low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-834673\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/XRP_Price_b36e31.png?resize=1024%2C493\" alt=\"XRP Price\" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $2.950 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.020 resistance. The next major hurdle for the bulls might be near $3.050.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $3.00 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.850 level. The next major support is near the $2.80 level.<\/p>\n<p>If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.7250. The next major support sits near the $2.650 zone, below which the price could continue lower toward $2.60.<\/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 $2.850 and $2.80.<\/p>\n<p>Major Resistance Levels \u2013 $2.90 and $2.920.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a fresh decline below $2.920. The price is now consolidating losses and might continue to move down if it trades below $2.850. XRP price is slowly moving lower below the $2.920 pivot zone. The price is now trading below $2.950 and the 100-hourly Simple Moving Average. There was a break below a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7459,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[151,150,152,153,154],"class_list":["post-7458","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\/7458","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=7458"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7459"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}