NewsBTC
25 February 2025
3 0

XRP Price Declines Below $2.50 Support Level

XRP Price Decline

  • XRP price declined below $2.50, currently testing the $2.250 level.
  • Trading is below the 100-hourly Simple Moving Average.
  • A bearish trend line forms with resistance at $2.4880 on the hourly chart.
  • A close above $2.50 is necessary to prevent further declines.

XRP struggled to maintain momentum above $2.75, dropping below key support levels of $2.65 and $2.55. The lowest recorded price was $2.2310, with potential recovery towards the 23.6% Fib retracement level from $2.7450 to $2.2310.

Resistance levels are identified at:

  • $2.3250
  • $2.40
  • $2.4880 (50% Fib retracement)

If XRP fails to surpass $2.3250, it may decline further, with initial support near $2.250, followed by $2.220. A break below $2.220 could lead to a drop toward $2.120 and subsequently $2.050.

Technical Indicators indicate a bearish trend:

  • MACD shows increasing bearish momentum.
  • RSI is below the 50 level.

Major support levels are at $2.220 and $2.120. Major resistance levels are at $2.40 and $2.4880.

XRP Price