Oh, the XRP price, that most tragic of heroes, has begun a fresh decline, descending below $2.080 with the grace of a fallen angel. Now it struggles, battered by the cruel winds of $2.040, that merciless gatekeeper of hope.
- Behold, the XRP price, like a drunkard in a tavern, stumbles below $2.050, its dignity shattered.
- The price, now a beggar, crawls beneath $2.050 and the 100-hourly Simple Moving Average, a relic of bygone days.
- A bearish trend line, that sly fox, now looms with resistance at $2.040, while Kraken’s data whispers secrets of doom.
- If the price dares to settle below $2.00, expect a descent into the abyss, where shadows dance and hope is a distant memory.
XRP Price Struggles Near Resistance
Oh, how the XRP price, that fickle lover, attempted a recovery wave above $2.150, only to be cast down by the cold hand of reality! Like Bitcoin and Ethereum, it faltered, a tragic tale of unfulfilled potential. The price, now a wretched soul, descends below $2.080 and $2.050, its spirit broken.
A move below $2.00, that cursed threshold, saw a low formed at $1.993, a pitiful echo of past glory. The price, like a phoenix, began an upside correction, climbing above the 23.6% Fib retracement level of its downward plunge from $2.177 to $1.993. Yet, the bears, those ravenous wolves, lurk near $2.040 and $2.050, their eyes gleaming with malice.
The bearish trend line, that cunning trickster, forms with resistance at $2.040 on the hourly chart of XRP/USD. The price, now a prisoner, trades below $2.050 and the 100-hourly Simple Moving Average, its fate sealed by the whims of the market.
If a fresh upward move dares to rise, the price may face resistance near $2.040, a fortress of despair. The first major hurdle lies near $2.080, or the 50% Fib retracement level of its tragic descent from $2.177 to $1.993. A close above $2.080 could send it soaring to $2.012, but beware-the next hurdle, $2.150, looms like a specter.
A clear move above $2.150 might send the price toward $2.1850, a mirage of hope. Any more gains? A journey toward $2.220, where the bulls may find their Waterloo. The next major hurdle for the bulls? A $2.250 fortress, guarded by the ghosts of past failures.
Another Decline?
If XRP fails to clear the $2.040 resistance zone, it may embark on a fresh decline, a dance with the devil. Initial support on the downside lies near $2.00, a fragile crutch. The next major support, $1.9880, awaits, a fleeting promise of salvation.
If the price breaks below $1.9880, it may descend toward $1.920, a valley of tears. The next major support, $1.880, stands as a last bastion, beyond which lies the abyss of $1.820. A tragedy of epic proportions, indeed.
Technical Indicators
Hourly MACD – The MACD for XRP/USD, that weary traveler, now loses pace in the bearish zone, its spirit flagging.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD, that fickle friend, now hovers above 50, a flicker of hope in the darkness.
Major Support Levels – $2.00 and $1.9850, those fragile pillars of hope.
Major Resistance Levels – $2.040 and $2.080, the unyielding walls of despair.
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2025-12-12 07:37