XRP’s Rollercoaster Ride: When Will It Hit the Jackpot? 🎰

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XRP price started a downside correction below the $3.120 zone. The price is now attempting a recovery and might aim for a move above the $3.1650 level. But let’s be real, who’s really keeping score at this point? 🤷‍♀️

  • XRP price is attempting to start a fresh increase from the $3.00 zone. Fingers crossed, toes curled, you know the drill. 🙏
  • The price is now trading below $3.180 and the 100-hourly Simple Moving Average. Because why would it ever just stay put, right? 😂
  • There is a bearish trend line forming with resistance at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). Just another day in the life of a crypto trader. 📈📉
  • The pair could start another increase if it stays above the $3.00 zone. Spoiler alert: It’s a nail-biter every time. 💥

XRP price started a fresh decline below the $3.20 zone, unlike Bitcoin and Ethereum. The price declined below the $3.120 and $3.080 support levels. I mean, why not join the party while you’re at it, XRP? 🎉

The bears even pushed the price below the $3.020 support zone. Finally, the bulls appeared near the $3.00 level. A low was formed at $2.999 and the price is now attempting a recovery wave. There was a move above the $3.050 and $3.080 levels. It’s like watching a soap opera, but with numbers. 📺

The price surpassed the 23.6% Fib retracement level of the downward move from the $3.330 swing high to the $2.999 low. The price is now trading below $3.150 and the 100-hourly Simple Moving Average. There is also a bearish trend line forming with resistance at $3.150 on the hourly chart of the XRP/USD pair. It’s a plot twist every hour! 🤯

On the upside, the price might face resistance near the $3.150 level. The first major resistance is near the $3.1650 level. A clear move above the $3.1650 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.30 in the near term. The next major hurdle for the bulls might be near the $3.350 zone. It’s a game of inches, folks! 🏈

Another Drop?

If XRP fails to clear the $3.1650 resistance zone, it could start another decline. Initial support on the downside is near the $3.080 level. The next major support is near the $3.00 level. It’s like a choose-your-own-adventure book, but with charts. 📚

If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.920 support. The next major support sits near the $2.850 zone where the bulls might take a stand. It’s a battle of wills, and the charts are the battlefield. ⚔️

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. It’s like watching a marathon runner hit the wall. 🏃‍♂️

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. So, it’s not all doom and gloom… yet. ☁️🌈

Major Support Levels – $3.080 and $3.00.

Major Resistance Levels – $3.1650 and $3.20.

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2025-07-31 07:36