{"id":365131,"date":"2025-02-03T09:42:53","date_gmt":"2025-02-03T04:12:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=365131"},"modified":"2025-02-03T09:42:53","modified_gmt":"2025-02-03T04:12:53","slug":"xrp-price-crashes-hard-is-there-a-recovery-in-sight-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-crashes-hard-is-there-a-recovery-in-sight-crypto-news\/","title":{"rendered":"XRP Price Crashes Hard: Is There a Recovery in Sight? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p><em>XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone.<\/em><\/p>\n<ul>\n<li>XRP price started a fresh decline below the $2.80 and $2.50 levels.<\/li>\n<li>The price is now trading below $2.60 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair might start a fresh increase if it clears the $2.50 resistance zone.<\/li>\n<\/ul>\n<h2>XRP Price Eyes Recovery<\/h2>\n<p>XRP price started a fresh decline below the $3.00 zone, like <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-nosedives-91k\/\">Bitcoin<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-tanks-2120\/\">Ethereum<\/a>. The price declined heavily below the $2.80 and $2.50 support levels. The bears even pushed it below $2.00.<\/p>\n<p>There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price is now correcting some losses. There was a move above the $2.00 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.<\/p>\n<p>The price is now trading below $2.750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.40 level.<\/p>\n<p>The next resistance is $2.450. There is also a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/XRP_Price.png\"><\/a><\/p>\n<p>A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $3.00.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.00 level.<\/p>\n<p>If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.850 support. The next major support sits near the $1.750 zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $2.10 and $2.00.<\/p>\n<p>Major Resistance Levels \u2013 $2.40 and $2.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone. XRP price started a fresh decline below the $2.80 and $2.50 levels. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":365133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-365131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=365131"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365131\/revisions"}],"predecessor-version":[{"id":365136,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365131\/revisions\/365136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/365133"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=365131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=365131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=365131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}