In the vast expanse of the financial universe, XRP attempted a gallant ascent above the symbolic threshold of $2.00, only to be thwarted by the looming shadow of $2.020. Like a weary traveler who stumbles upon a mirage, the price now reveals faint signs of retreat, perhaps to wander below $1.95 once more.
- The initial strides of XRP began with a determined push past the $1.920 frontier-ah, the dreams of bulls!
- Alas, it now finds itself trading beneath the cherished $2.00, shadowed by the 100-hourly Simple Moving Average-a cruel reminder of its ambitions!
- A new bearish trend line, as if conjured from the depths of expectation, now stands resistant at $2.030 on the hourly chart of the XRP/USD pair (data sourced from the ever-watchful Kraken).
- Should the pair settle below $1.950, it may very well commence its descent into the abyss!
Oh Look, XRP Dips Again!
Finding solace above $1.850, XRP endeavored to rise like a phoenix alongside Bitcoin and Ethereum. It managed to leap over $1.950 and $1.980, momentarily basking in the warm glow of positive sentiment.
In a twist of fate, it even breached the 50% Fib retracement level, soaring above the heights of $2.00 before the fearsome bears reared their heads. Despite valiant efforts, the bulls faltered at the $2.020 barricade. A new bearish trend line looms ominously at $2.030 on the hourly chart, a specter of doubt.
Currently, XRP lingers beneath the coveted $2.00, shackled by the 100-hourly Simple Moving Average. Should a surge occur, the price may yet encounter resistance at the $2.00 mark, with the first formidable barrier lurking near $2.020-where hope meets reality in a most unfortunate embrace.
A decisive rally beyond $2.020 could propel the price toward the lofty heights of $2.0650, setting the stage for a duel with $2.10. Yet, like the elusive dreams of many, a clear victory beyond $2.10 might beckon the price towards an even loftier resistance at $2.150. Alas, should fortunes favor the daring, we may find ourselves flirting with the realm of $2.250!
Will We Witness Another Drop?
Yet, if XRP fails to conquer the staunch defenses of the $2.020 zone, a fresh decline may set forth its mournful course. Initial support on this descent awaits near $1.950, with the next significant bastion at $1.9320.
Should the fates conspire against it, leading to a breach and closure below the $1.9320 threshold, it may continue its sorrowful journey downward, potentially landing at $1.850. A grim fate indeed, with the next major support lurking near $1.820, beyond which the abyss may well beckon at $1.750.
Technical Indicators
Hourly MACD – The MACD for XRP/USD, like a dogged soldier, is now gaining momentum in that foreboding bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD languishes below the 50 mark, a testament to its tribulations.
Major Support Levels – $1.950 and $1.9320.
Major Resistance Levels – $2.00 and $2.020.
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2026-01-20 07:24