XRP’s Plunge: The Relentless Descent into the Abyss of Financial Disarray

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As if following a tragic script, XRP‘s price has once again embraced the depths of despair, sinking beneath the ominous threshold of $1.4320. Lo and behold, it now finds itself in a tight embrace with losses, yet dares to dream of relief-albeit in the face of Herculean obstacles that loom near $1.4750 and the ever-elusive $1.50.

  • Once more, the price of XRP embarks on an unfortunate journey southward, trading below the fabled $1.450 mark.
  • The present state reflects a dismal trading position, situated below the $1.450 line and the 100-hourly Simple Moving Average, as if mocking any hopes for recovery.
  • A declining channel manifests like a dark cloud overhead, establishing resistance at $1.480 on the hourly chart of the XRP/USD pair (data sourced from Kraken, naturally).
  • If the pair chooses to remain shackled beneath the $1.50 threshold, a continued descent seems all but guaranteed.

The Relentless Decline of XRP

Alas, XRP has failed in its bid to remain aloft above $1.480, spiraling downward in a fashion reminiscent of Bitcoin and Ethereum-oh, the tragedy! Having plummeted below $1.4650 and $1.450, it finds itself firmly entrenched in a short-term bearish zone.

In its relentless decline, the price descended beneath $1.4320, marking a low at $1.4102. It now flounders in a morass of consolidation. A minor upward flicker toward the 23.6% Fib retracement level from the high of $1.5119 to the nadir at $1.4102 offers little solace.

Trading continues below $1.450 and the 100-hourly Simple Moving Average, where any hint of recovery faces stern resistance near the $1.450 level. The first formidable barrier looms at $1.4620 or the 50% Fib retracement level from the high of $1.5119 down to the low of $1.4102.

The primary resistance remains stubbornly perched at $1.480. Indeed, the declining channel mocks our aspirations for progress, with resistance holding firm at $1.480 on the hourly chart of the XRP/USD pair. Should we witness a miracle and close above this cursed level, perhaps the price might dare to touch $1.50.

And yet, the next hurdle lies at $1.5250. A decisive break above this obstacle may lead the way toward the fabled $1.550 resistance. Should fortune smile upon us even further, we could eye the $1.5880 resistance. Yet, the daunting summit for the bulls awaits near $1.60, a veritable Mount Everest of resistance.

More Losses Await?

If XRP should falter in overcoming the $1.480 resistance zone, we may well be on the precipice of a fresh decline. Initial support lurks nearby at the $1.4165 level, while the next major support is unceremoniously stationed at $1.410.

A break below the $1.410 barrier might spell doom, nudging the price toward the dreaded $1.40. The subsequent major support huddles at the $1.3850 zone, beyond which the price could spiral downward to the abyss of $1.350.

Technical Indicators:

Hourly MACD – The MACD for XRP/USD now gathers momentum in the dismal bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD languishes beneath the 50 level, lamenting its fate.

Major Support Levels – $1.4165 and $1.4100, where hope goes to die.

Major Resistance Levels – $1.4500 and $1.4800, standing defiantly against any aspirations of recovery.

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2026-02-19 08:04