XRP Price: A Desperate Cry for Help

by

XRP Price: A Desperate Cry for Help 🚨👀

XRP Price: A Desperate Cry for Help

Oh, the humanity! XRP price has fallen, fallen, fallen like a leaf from the autumn tree. It began its fresh decline below the $2.050 zone, and now it’s consolidating, like a wounded bird, trying to find its wings. But alas, the hurdles are near, like the $2.10 level, a formidable foe, waiting to strike.

  • XRP price, poor thing, started a fresh decline below the $2.120 and $2.050 levels. It’s like it’s lost its way in the forest, without a map or a compass.
  • The price is now trading below $2.10 and the 100-hourly Simple Moving Average. It’s like it’s stuck in the mud, unable to move forward.
  • There is a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair. It’s like a prison, with no escape.
  • The pair might extend losses if it fails to clear the $2.10 resistance zone. It’s like a never-ending nightmare, with no awakening in sight.

XRP Price Attempts Recovery (But Will It Succeed?)

XRP price, like a phoenix from the ashes, attempted a recovery wave. It extended losses below the $2.050 support level, like a soldier in a war, fighting against all odds. The price declined below the $2.00 and $1.980 support levels, and a low was formed at $1.960. But will it be enough to turn the tide?

There was a move above the $2.00 and $2.020 levels, like a glimmer of hope. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.235 swing high to the $1.960 low. But the bears are active below the $2.10 resistance zone, like a dark cloud, casting a shadow.

The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.070 level. There is also a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair. It’s like a never-ending cycle, with no escape.

The first major resistance is near the $2.10 level. It’s like a fortress, impenetrable. The next resistance is $2.120. It’s like a mountain, too high to climb.

A clear move above the $2.120 resistance might send the price toward the $2.180 resistance. Any more gains might send the price toward the $2.2350 resistance or even $2.40 in the near term. But will it happen? Only time will tell.

Another Decline? (The Horror!)

If XRP fails to clear the $2.10 resistance zone, it could start another decline. Initial support on the downside is near the $2.00 level. The next major support is near the $1.960 level. It’s like a never-ending nightmare, with no awakening in sight.

If there is a downside break and a close below the $1.960 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.90 zone. It’s like a slippery slope, with no bottom in sight.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. It’s like a ship without a rudder, drifting aimlessly.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. It’s like a glimmer of hope, but will it be enough?

Major Support Levels – $2.00 and $1.960.

Major Resistance Levels – $2.10 and $2.120.

Read More

2025-04-04 07:18