XRP’s Wild Ride: Will It Sink or Swim? 🤔💸

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So, XRP thought it could just waltz above $2.320? Nope! It hit the brakes and decided to take a nosedive instead. Now it’s flailing around like a fish out of water, struggling to keep its head above $2.20. 🐟💧

  • Oh look, XRP is starting another fresh decline-like we needed that drama. Below $2.250? Classic!
  • Trading below $2.250 and the 100-hourly Simple Moving Average? Sounds like a party nobody wants to attend.
  • And guess what? It even broke below a bullish trend line. I mean, could it be any more obvious that it’s having a meltdown?
  • If it dips below $2.150, we might as well start drafting the obituary. 📉

Oops! XRP Trims Gains

XRP had its chance to soar above $2.35 and just like that, it decided to take a trip down Bear Market Lane. Who saw that coming? Oh right, everyone. Dropping below both $2.320 and $2.250? That’s like a bad date that just keeps getting worse. 😬

There was a break below a key bullish trend line with support at $2.245 on the hourly chart. Talk about a dramatic exit! XRP even dipped below $2.150, forming a low at $2.141. It’s like watching a soap opera-lots of ups, but mostly downs.

Now it’s trading below $2.250 and the 100-hourly Simple Moving Average. If by some miracle it manages to climb back up, it’s gonna face some serious resistance at $2.20, like trying to get through a crowded bar. 🍻

The next hurdle? Oh, just $2.320, and let’s not forget the 61.8% Fib retracement level. If it magically breaks through, maybe we’ll see a price party at $2.350. But seriously, who’s buying drinks? 🍾

More Losses? Oh Joy!

If XRP can’t clear that pesky $2.250 resistance zone, we’re looking at an all-you-can-eat loss buffet. The first stop? Around $2.150. Yum, right?

If we see a close below $2.120, we might as well get comfortable because it could slide right toward $2.050. Next major support? Oh, just chilling around the $2.00 zone, where dreams go to die. 😢

Technical Indicators:

Hourly MACD – Yep, it’s gaining momentum in the bearish zone. Lucky us.

Hourly RSI (Relative Strength Index) – Currently below 50. Sounds about right.

Major Support Levels – $2.120 and $2.050. Because why not?

Major Resistance Levels – $2.20 and $2.250. Good luck, XRP!

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2026-01-08 07:30