XRP’s price dropped further, falling below $1.450. It’s now stabilizing after the decline, with resistance levels around $1.4330 and $1.4460. The price started another downturn and went under the $1.440 mark. Currently, it’s trading below $1.4350 and the 100-hourly Simple Moving Average. On the hourly chart of the XRP/USD pair (data from Kraken), a bearish trend line is forming with resistance at $1.4520. If the price stays below $1.450, it could keep moving lower.
XRP Price Extends Decline
XRP couldn’t hold above $1.4680 and continued its drop, similar to Bitcoin and Ethereum. It fell below $1.4550 and $1.450, entering a short-term bearish zone. The decline even pushed it under $1.4350, hitting a low of $1.4109. Now, the price is consolidating these losses. There was a small recovery above the 23.6% Fibonacci retracement level of the drop from the $1.4688 high to the $1.4109 low. The price is still below $1.450 and the 100-hourly Simple Moving Average.
If there’s a fresh recovery, the price might face resistance near $1.4330. The first major resistance is around $1.440. The main resistance could be $1.4460, which is also the 61.8% Fibonacci retracement level of the drop from $1.4688 to $1.4109. Additionally, there’s a bearish trend line with resistance at $1.4520 on the hourly chart. A close above $1.4460 could push the price to $1.4880. The next hurdle is at $1.4950. A clear move above $1.4950 might send the price toward $1.5050, and further gains could target $1.5250.
More Downside?
If XRP can’t break through the $1.4460 resistance zone, it could start another decline. Initial support on the downside is near $1.4180, with the next major support around $1.4120. If the price breaks and closes below $1.4120, it might continue falling toward $1.4050. The next major support is near $1.40, and below that, the price could drop further to $1.320.
Technical Indicators
– Hourly MACD: The MACD for XRP/USD is gaining momentum in the bearish zone.
– Hourly RSI: The RSI for XRP/USD is now below the 50 level.
Key Levels
– Major Support: $1.4120 and $1.4050.
– Major Resistance: $1.4330 and $1.4460.
Frequently Asked Questions
Here is a list of FAQs addressing the situation where XRPs price is slowly dropping due to inactive buyers
BeginnerLevel Questions
1 Why is XRPs price dropping even though theres no bad news
When buyers are inactive it means fewer people are buying Even if theres no bad news if sellers are still selling and no one is buying the price naturally drifts downward
2 What does buyers remain inactive actually mean
It means the volume of people or institutions placing buy orders is very low Theres not enough demand to push the price up or even hold it steady against the selling pressure
3 Is this drop a sign that XRP is a bad investment
Not necessarily Price drops due to low activity are often about market sentiment and timing not the technology or project itself Many assets go through quiet lowvolume periods
4 Should I sell my XRP now to avoid losing more money
That depends on your strategy If you need the money soon or cant handle the volatility selling might be wise But many longterm holders see lowactivity drops as a normal market phase and choose to wait
5 How is this different from a crash caused by bad news
A crash from bad news is usually fast and panicdriven with a huge spike in selling volume A slow drop with inactive buyers is more like a leakit happens gradually because theres simply no one stepping in to buy
IntermediateLevel Questions
6 What causes buyers to become inactive for XRP specifically
Common reasons include lack of major catalysts a general bearish mood in the crypto market or traders waiting for a lower entry price Sometimes large holders also pause buying to avoid driving the price up
7 Can the price keep dropping indefinitely if no one buys
Theoretically it could keep drifting down until it reaches a price where buyers feel its a bargain At that point buying interest usually returns So its unlikely to go to zeroit just finds a new equilibrium
8 What role do market makers play during this inactivity
Market makers provide liquidity by placing both buy and sell orders During low buyer activity they often widen the spread difference between buy and sell