NewsBTC
Apr 9, 2025
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XRP Price Declines Below $1.850, Faces Resistance at $1.90

XRP price has declined from the $1.950 zone, testing support at $1.750. The price is currently consolidating and facing resistance near $1.90.

  • XRP started a decline below $1.880 and $1.850.
  • The price is trading below $1.850 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $1.90 on the hourly chart.
  • Further losses may occur if the price fails to overcome the $1.90 resistance.

XRP Price Dynamics

The price failed to sustain above $2.00, declining below key support levels of $1.880 and $1.850. A low was established at $1.610 before some recovery occurred, clearing the 50% Fib retracement level from the recent decline.

Bears remain active near the $1.950 resistance, specifically the 61.8% Fib retracement level. Currently, XRP trades below $1.850, with potential resistance around $1.880 and $1.90.

XRP Price

Future Outlook

If XRP does not clear the $1.90 resistance, it may face another decline. Initial support is at $1.750, with major support at $1.70. A drop below $1.70 could lead to further declines toward $1.650 and possibly the $1.60 zone.

Technical Indicators:

  • Hourly MACD indicates increasing bearish momentum.
  • Hourly RSI is below the 50 level.
  • Major Support Levels: $1.750 and $1.70.
  • Major Resistance Levels: $1.850 and $1.90.