Behold, the XRP price hath embarked on a modest ascent past the sacred $2.50 mark. A slight retreat hath occurred, yet the market remaineth poised to spring forth anew, like a caffeinated squirrel in a race against time 🐿️⚡.
- XRP price took a little detour, heading back down from the $2.580 zone, like a lost puppy wandering home.
- The price now dawdles near $2.40, flirting with the 100-hourly Simple Moving Average, which is about as exciting as watching paint dry 🎨.
- A short-term bearish trend line is forming, with resistance at $2.440 on the hourly chart-resistance that’s as stubborn as a mule in a thunderstorm 🐐.
- If XRP can conquer $2.50, expect a fresh dash upward, though the path is fraught with peril like a pirate’s voyage 🏴☠️.
XRP Price Trims Some Gains
XRP price ascended past $2.420 and $2.50, much like Bitcoin and Ethereum, who are always eager to show off their climbing skills 🧗♂️. The price gained momentum, breaking through the $2.550 barrier with the grace of a ballet dancer 🎭.
A peak was reached at $2.580, after which the price took a nosedive, plunging below the $2.50 level like a disgruntled seagull diving for a sandwich 🦜. The price then dipped below the 50% Fib retracement level, which is about as reliable as a weather forecast in a tornado 🌪️.
Now, the price hovers near $2.40 and the 100-hourly Simple Moving Average. Should it rally again, it may face resistance at $2.450, a hurdle as daunting as a mountain made of bricks 🏔️. Meanwhile, a bearish trend line forms, with resistance at $2.440-resistance that’s as flimsy as a house of cards in a hurricane 🧸.
The first major resistance lies near $2.50, a threshold that, if cleared, could send the price soaring toward $2.550. A breakthrough above $2.550 might propel it toward $2.620, and if fortune favors the bold, even $2.680. The next challenge for the bulls? A lofty $2.750, which is as likely to be conquered as a unicorn in a desert 🦄.
More Losses?
If XRP falters at $2.50, expect a fresh descent, much like a falling leaf in autumn 🍂. Initial support lies near $2.3650, a level as comforting as a warm blanket on a chilly night. The next major support? $2.320, a lifeline for the desperate and the hopeful alike 🤞.
A break below $2.320 could send the price plummeting toward $2.250, with further declines possible toward $2.20 and even $2.120-levels as remote as a desert island in a sea of chaos 🌊.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining speed in the bearish zone, like a train hurtling toward a cliff 🚂.
Hourly RSI – The RSI for XRP/USD is now below 50, a sign as ominous as a storm cloud on the horizon ☁️.
Major Support Levels – $2.3650 and $2.320, two pillars of hope in a sea of despair 💔.
Major Resistance Levels – $2.450 and $2.50, barriers as unyielding as a brick wall ⛓️.
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2025-11-12 07:19