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7 hour ago
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BEARISH 📉 : XRP struggles below $1.650, risks further decline

The XRP price is experiencing extended losses, trading below $1.550 and facing resistance as it attempts to recover.

  • XRP began a recovery wave from the $1.50 zone but remains below $1.620 and the 100-hourly Simple Moving Average.
  • A key bearish trend line is forming with resistance at $1.6150 on the hourly chart of the XRP/USD pair.
  • The price failed to stay above $1.650, entering a short-term bearish zone, similar to Bitcoin and Ethereum.
  • XRP spiked below $1.520 but is now attempting a recovery, moving above the $1.5750 level.
  • Resistance is expected near $1.620, with major resistance levels at $1.650, $1.720, $1.750, $1.780, and $1.825.

XRP Price

Potential Downside

  • If XRP cannot clear the $1.650 resistance, it may decline further.
  • Initial support lies near $1.5760, with major support at $1.550.
  • A break below $1.550 could push the price toward $1.5250 or lower, down to $1.4650.

Technical Indicators:

  • Hourly MACD: Losing pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $1.5760 and $1.550.
  • Major Resistance Levels: $1.6150 and $1.650.