XRP Price Ready for Bullish Spike: Fading Bearish Momentum and Solid Support

Share This Post

XRP price extended losses and tested the $0.4440 support zone. The price is correcting losses sharply and might soon retest the $0.4720 resistance.

  • XRP price is correcting losses from the $0.4440 support zone.
  • The price is now trading below $0.4650 and the 100-hourly Simple Moving Average.
  • There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might climb higher again if it stays above the $0.450 support zone.

XRP Price Revisits Support

XRP price struggled to clear the $0.4850 resistance and started a fresh decline, like Bitcoin and Ethereum. The bears took control and pushed the price below the $0.470 support. There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair.

The pair even declined heavily below the $0.4550 support level. However, the bulls protected the $0.4440 support level. A low was formed at $0.4439 and the price is now correcting losses. There was a recovery wave above the $0.4520 resistance.

The price climbed above the 23.6% Fib retracement level of the recent decline from the $0.4878 swing high to the $0.4439 low. It is now trading below $0.4650 and the 100-hourly Simple Moving Average.

On the upside, the price is facing resistance near the $0.4620 level. The first major resistance is near the $0.4650 level and the 50% Fib retracement level of the recent decline from the $0.4878 swing high to the $0.4439 low. The next key resistance could be $0.4720.

XRP Price

A clear move above the $0.4720 resistance might send the price toward the $0.4850 resistance. The next major resistance is near the $0.500 level. Any more gains might send the price toward the $0.5250 resistance.

Another Decline?

If XRP fails to clear the $0.4650 resistance zone, it could start another decline. Initial support on the downside is near the $0.4520 level.

The next major support is at $0.4440. If there is a downside break and a close below the $0.4440 level, the price might continue to decline toward the $0.4320 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.4520 and $0.4440.

Major Resistance Levels – $0.4620 and $0.4650.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Restaked Bitcoin Protocols Skyrocket 4,459% in Just 9 Months

Since the advent of restaking bitcoin and Babylon’s leading role in the space, restaked bitcoin protocols have exploded onto the scene with phenomenal momentum Over the past nine months, these

Bitcoin Rebounds Above $85,000 Amid Weak Market Demand

Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 43% increase in the past 24 hours This rebound has sparked renewed optimism among investors, who are now

Bitcoin Panic Sellers Lost $100M – Why Smart Investors Are Betting on BTC Bull Token Instead

The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune  In the last six weeks alone, speculators dumped their Bitcoin holdings,

Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?

The post Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming appeared first on Coinpedia Fintech News As the Cardano (ADA) price continues to consolidate near a crucial support level of $065,

Crypto Expert Reveals Why XRP Will Never Flip Ethereum

A crypto expert has promptly shut down the idea that XRP will ever surpass Ethereum In his post, the analyst shared several reasons why he believes such an outcome is highly unlikely, highlighting

Bitcoin Price Watch: Struggles at $84K—Will Bulls Take Control?

Bitcoin traded at $84,222 on March 15, 2025, with a market capitalization of $167 trillion, a 24-hour global trade volume of $2599 billion, and an intraday price range between $82,705 and $85,139,