NewsBTC
Apr 7, 2025
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XRP Price Dives Below $2 as Decline Continues

XRP has entered a decline, falling below the $2.00 mark and facing challenges near $1.880.

  • XRP price dropped below $2.00 and $1.880.
  • Current trading is below $1.850 and the 100-hourly Simple Moving Average.
  • A break occurred below a bullish trend line with support at $2.120.
  • Further losses may occur if XRP remains under the $1.80 level.

XRP Price Movement

The price did not stabilize above $2.050, following similar trends seen in Bitcoin and Ethereum. It fell below both $2.00 and $1.950.

A low of $1.797 was established as the price consolidated losses. Resistance points are identified:

  • Near $1.850
  • Near $1.880, which aligns with the 23.6% Fib retracement level from the recent high to low
  • Next resistance at $1.950
  • Potential for gains toward $2.050 or $2.0650 if cleared

XRP Price

Future Decline Risks

If XRP cannot overcome the $1.880 resistance, another decline may occur:

  • Initial support near $1.80
  • Major support at $1.7650
  • Break below $1.7650 could lead to further declines toward $1.720 and then $1.650

Technical indicators show:

  • Hourly MACD indicates bearish momentum
  • RSI is below the 50 level