{"id":1913,"date":"2024-12-20T06:00:37","date_gmt":"2024-12-20T06:00:37","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-shows-resilience-while-btc-sinks-deeper\/"},"modified":"2024-12-20T06:00:37","modified_gmt":"2024-12-20T06:00:37","slug":"xrp-price-shows-resilience-while-btc-sinks-deeper","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-shows-resilience-while-btc-sinks-deeper\/","title":{"rendered":"XRP Price Shows Resilience While BTC Sinks Deeper"},"content":{"rendered":"<p><em>XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance.<\/em><\/p>\n<ul>\n<li>XRP price remained stable above the $2.20 zone.<\/li>\n<li>The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $2.40 resistance.<\/li>\n<\/ul>\n<h2>XRP Price Stays Above $2.20<\/h2>\n<p>XRP price remained well-bid above the $2.20 support level, unlike Bitcoin and Ethereum. A low was formed at $2.17 and the price traded in a range below the $2.40 level.<\/p>\n<p>There was a minor increase above the $2.25 and $2.30 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price might face resistance near the $2.35 level. There is also a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-665516\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/XRP_Price_1bc9b5.png?resize=1024%2C478\" alt=\"XRP Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The first major resistance is near the $2.40 level. The next resistance is $2.45 or the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.620 in the near term. The next major hurdle for the bulls might be $2.80.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 level. The next major support is near the $2.20 level.<\/p>\n<p>If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish 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 $2.20 and $2.050.<\/p>\n<p>Major Resistance Levels \u2013 $2.35 and $2.40.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[149,148,150,151,152],"class_list":["post-1913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1913"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1914"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}