XRP’s price failed to break above $2.00 and has begun to decline again. It is currently correcting lower and may struggle to hold above $1.860. After testing the $1.90 zone, the price is now trading near $1.890 and the 100-hour Simple Moving Average.
On the hourly chart for XRP/USD, a declining channel—which could also be a bullish flag pattern—is forming, with support around $1.860. A move above $1.950 could signal the start of another upward move.
XRP Faces Resistance Below $2.00
Unable to clear $2.00, XRP started a downward correction, underperforming compared to Bitcoin and Ethereum. The price fell below $1.920 and $1.90, entering negative territory and even dropping below the 50% Fibonacci retracement level of the recent rise from the $1.810 low to the $1.945 high. Bulls are currently active near $1.880.
If the price attempts to move higher, it may encounter resistance near $1.920. The first major resistance is around $1.950. A break above that level could allow the price to test $2.00, with further gains potentially pushing it toward $2.050 and $2.120. The next significant hurdle for bulls lies near $2.150.
Potential for Further Decline
If XRP fails to overcome the $1.950 resistance, it could resume its decline. Initial support sits near $1.880, followed by a more important level at $1.860, which aligns with the 61.8% Fibonacci retracement of the recent upward move. A break and close below $1.860 could lead to further losses toward $1.8320, with the next major support near $1.80. A drop below that might extend the decline toward $1.7650.
Technical Indicators
– Hourly MACD: Gaining momentum in bearish territory.
– Hourly RSI: Currently below the 50 level.
– Major Support Levels: $1.880 and $1.860.
– Major Resistance Levels: $1.950 and $2.00.
Frequently Asked Questions
FAQs XRP Price Below 200 Market Drop Fears
BeginnerLevel Questions
1 Why is XRPs price stuck below 200
XRPs price is influenced by overall market sentiment regulatory uncertainty and general fear of a broader cryptocurrency market decline When investors are cautious they often sell or avoid buying which can keep prices down
2 What does fears of a further market drop mean
It means many investors and traders are worried that the entire cryptocurrency market not just XRP might lose more value This fear can become a selffulfilling prophecy as people sell their holdings to avoid losses which in turn pushes prices lower
3 Is XRP a good investment right now
This depends entirely on your risk tolerance and research Prices are volatile and currently under pressure Its crucial to never invest more than you can afford to lose and to understand that buying during a fearful market is highrisk
4 Where can I check the current price of XRP
You can check reliable cryptocurrency tracking websites and apps like CoinMarketCap CoinGecko or the data pages on major exchanges like Binance or Coinbase
5 Whats the difference between XRP and Ripple
Ripple is the technology company that created the XRP Ledger XRP is the native digital asset used on that ledger to facilitate fast lowcost crossborder payments
Intermediate Advanced Questions
6 How does the SEC lawsuit specifically affect XRPs price
The lawsuit creates regulatory uncertainty Until there is a clear final resolution many large institutional investors in the US are hesitant to engage with XRP limiting major buying pressure and creating a persistent overhang of fear that dampens the price
7 Are there any key price levels to watch for XRP
Traders often watch previous lows where buying might increase and previous highs where selling might intensify A sustained drop below key support levels could signal further declines while breaking above resistance levels could indicate a shift in momentum