{"id":667122,"date":"2024-12-26T04:08:45","date_gmt":"2024-12-26T04:08:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=667122"},"modified":"2024-12-26T03:16:11","modified_gmt":"2024-12-26T03:16:11","slug":"xrp-price-momentum-stalls-2-35","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-momentum-stalls-2-35\/","title":{"rendered":"XRP Price Momentum Stalls: Bulls Fails to Break Through"},"content":{"rendered":"<p><em>XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support.<\/em><\/p>\n<ul>\n<li>XRP price is attempting a fresh increase above the $2.250 resistance zone.<\/li>\n<li>The price is now trading above $2.25 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start a decent increase if it clears the $2.30 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Fails Again<\/h2>\n<p>XRP price started a fresh increase above the $2.20 support level, like <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-breakout-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-gears-up-3550\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a decent increase above the $2.25 and $2.30 levels.<\/p>\n<p>The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.<\/p>\n<p>The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance.<\/p>\n<figure id=\"attachment_667123\" aria-describedby=\"caption-attachment-667123\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-667123\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=104 104w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=83 83w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/XRP_Price_6ef65f.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-667123\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.<\/p>\n<p>If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $2.240 and $2.210.<\/p>\n<p>Major Resistance Levels \u2013 $2.300 and $2.350.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Fails Again XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP\/USD pair. The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level. Major Support Levels \u2013 $2.240 and $2.210. Major Resistance Levels \u2013 $2.300 and $2.350.<\/p>\n","protected":false},"author":67,"featured_media":667124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,74937,10972,78763],"class_list":["post-667122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Momentum Stalls: Bulls Fails to Break Through<\/title>\n<meta name=\"description\" content=\"XRP price attempted an upside break above the $2.350 resistance zone. 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