In a plot twist worthy of a Discworld novel, XRP‘s price has decided to take a little tumble, testing the depths of the $2.080 abyss. But fear not, dear reader! It seems to be staging a comeback, possibly aiming for a daring leap over the $2.20 hurdle. Will it succeed? Only time will tell, and perhaps a few well-placed bets!
- XRP has begun its noble ascent from the depths of $2.080, like a phoenix rising from the ashes, or perhaps just a particularly determined chicken.
- Currently, it’s frolicking above $2.150, and the 100-hourly Simple Moving Average is giving it a thumbs up—if averages had thumbs, that is.
- A short-term rising channel is forming, with support at $2.140, which sounds suspiciously like a trendy coffee shop in a hipster neighborhood.
- If it can clear the $2.20 resistance zone, we might just witness another increase, or at least a very enthusiastic cheer from the crypto crowd.
XRP Price Eyes Recovery
In a dramatic turn of events, XRP has dipped below the $2.250 and $2.20 levels, joining the ranks of Bitcoin and Ethereum in their collective sulk. It even dipped below $2.120, testing the $2.080 support like a toddler testing the limits of their parents’ patience.
After forming a low at $2.085, it’s now attempting to recover, having climbed above the 23.6% Fib retracement level—because who doesn’t love a good Fibonacci sequence?
Moreover, our dear XRP is now trading above $2.150, and the 100-hourly Simple Moving Average is still on its side, like a loyal dog that just wants to fetch a stick.
However, on the upside, it might face resistance near the $2.20 level, which is like a bouncer at a club saying, “Not tonight, buddy!” The first major resistance is lurking at $2.2120, close to the 50% Fib retracement level, which is basically the halfway point of this rollercoaster ride.
The next resistance is at $2.250. If it manages to leap over that, it could be off to the races towards $2.320, and who knows? Maybe even $2.350 or $2.3650 in the near future. The bulls are eyeing $2.420 like a hungry cat watching a canary.
Another Decline?
But wait! If XRP fails to clear the $2.20 resistance zone, it could very well start another decline. Initial support is lurking around $2.140, like a shy wallflower at a dance.
If it breaks down and closes below $2.120, we might see it tumble back towards the $2.080 support, which is starting to feel like a familiar friend at this point. The next major support is at $2.020, which is just a hop, skip, and a jump away.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining pace in the bullish zone, which is a fancy way of saying it’s feeling pretty good about itself.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level, which is like getting a gold star in crypto school.
Major Support Levels – $2.150 and $2.120.
Major Resistance Levels – $2.20 and $2.2120.
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2025-06-16 07:19