XRP’s price has begun a new downturn after falling from $2.350. Currently trading below $2.30 and the 100-hour Simple Moving Average, it shows bearish signals that could deepen if it drops under $2.150. A short-term bearish trend line is forming with resistance at $2.2550 on the hourly XRP/USD chart (data from Kraken), suggesting further declines if the price stays below $2.150.
After a failed recovery attempt above $2.320, similar to Bitcoin and Ethereum, XRP declined below $2.30 and $2.250, even dipping under the $2.20 pivot. It hit a low of $2.155 and is now stabilizing with a negative bias. Although there was a slight bounce above the 23.6% Fibonacci retracement level from the recent drop ($2.525 high to $2.155 low), the price remains below $2.30 and the 100-hour SMA.
For any upward movement, resistance is expected around $2.2550, where the bearish trend line lies. The first major resistance is at $2.30; breaking above that could lead to a test of $2.350 or the 50% Fib retracement level. A decisive move past $2.350 might push the price toward $2.440, with further gains potentially reaching $2.50 and then $2.550.
Conversely, if XRP fails to surpass the $2.350 resistance, it could resume its decline. Initial support is at $2.20, followed by $2.150. A break and close below $2.150 might lead to further losses toward $2.050, with the next key support at $2.020 and possibly $1.880.
Technical indicators reinforce the bearish outlook: the hourly MACD is accelerating in negative territory, and the RSI is below 50. Key support levels are $2.20 and $2.150, while major resistance levels are $2.30 and $2.350.
Frequently Asked Questions
Of course Here is a list of FAQs about XRPs falling price and seller dominance with clear and concise answers
BeginnerLevel Questions
1 Why is the price of XRP going down
The price is going down because there are more people wanting to sell XRP than there are people wanting to buy it This creates an oversupply which pushes the price lower
2 What does sellers are strengthening their control mean
It means that the people who want to sell XRP are becoming more aggressive and are setting the markets direction They are willing to accept lower and lower prices to make sure their XRP sells which drives the overall price down
3 Is this a normal thing for cryptocurrencies
Yes it is very normal Cryptocurrency prices are known for their high volatility with periods of rapid price increases and sharp decreases
4 Should I panic and sell my XRP right now
Making decisions based on panic is rarely a good strategy Its better to understand why the price is falling before making a decision Selling during a sharp downturn often means locking in a loss
5 When will the price stop falling
There is no definite answer The price will likely stabilize when selling pressure decreases and buyer demand returns often at a price level that both groups find acceptable
Advanced Practical Questions
6 What are the common reasons for such strong selling pressure on XRP
Several factors can contribute including
Negative News Unfavorable legal developments negative press or concerns about Ripple liquidating its holdings
Broader Market Trend If major cryptocurrencies like Bitcoin and Ethereum are falling XRP often follows
ProfitTaking After a previous price increase investors may be selling to secure their profits
Fear and Uncertainty Traders may sell to avoid further potential losses creating a domino effect
7 What is support and why is it important right now
A support level is a specific price point where buying interest has historically been strong enough to prevent the price from falling further If XRP breaks below a major support level it can signal that the downtrend is accelerating and lead to even more selling