Ah, the ever-dramatic XRP price, a woeful creature that has slipped below the $1.920 threshold! It seems to be consolidating its misfortunes, perhaps mulling over its next descent if it dares to linger beneath the $1.980 mark.
- Lo and behold, XRP has indeed embarked on a new downward journey, slipping past the once-coveted $1.920 territory.
- Currently, it finds itself languishing below $1.9250, far removed from the comforting embrace of the 100-hourly Simple Moving Average.
- Two rather gloomy trend lines now loom ominously, with their resistance cradling the forlorn $1.95 and $2.00 levels on the hourly chart of our dear XRP/USD pairing (data graciously sourced from Kraken).
- If this beleaguered pair continues to hover beneath $1.950, a further descent seems almost preordained.
The Price Takes Another Plunge
In a display of melodrama reminiscent of a tragic opera, the XRP price faltered, unable to maintain its dignity above the $2.00 milestone, and thus began yet another decline-much like its stalwart companions, Bitcoin and Ethereum. It has tumbled below both the $1.950 and $1.9350 marks, casting itself into a rather dismal bearish realm.
At one point, it nosedived below $1.920, creating a new low at $1.90, where it now finds itself consolidating its losses like a sulking artist. A fleeting recovery above $1.9120 followed, as it briefly touched the 23.6% Fib retracement level of its downward spiral from $1.987 to that disheartening $1.90 low, but alas, the bears remain ever vigilant.
This wayward price currently resides below $1.950 and the 100-hourly Simple Moving Average. Should it muster a fresh upward move, it might encounter resistance near the $1.9450 level-a rather daunting foe, indeed-alongside the 50% Fib retracement level of its prior descent. Two bearish trend lines continue to cast their shadows, holding steadfast at $1.95 and $2.00 on the hourly chart of the XRP/USD ensemble.
The first significant resistance lies at the $2.00 juncture, while the second trend line stands guard. A brave close above $2.00 could launch the price toward the lofty heights of $2.050. The next obstacle looms at $2.10, and should we witness a triumphant move beyond that, who knows, perhaps $2.120 awaits! But let’s not get carried away; any further gains might push it toward the majestic $2.150. Poor bulls, their next great challenge seems to huddle around $2.20!
A Possible Downward Break?
If XRP cannot muster the strength to breach the $1.95 resistance zone, we may very well witness yet another descent into despair. Initial support on this treacherous journey lies near the $1.90 level, while the next significant support lurks near the $1.870 threshold.
Should the price succumb to a downside break and settle below $1.870, it could find itself plummeting toward the gloomy $1.8480. The next considerable support appears near the $1.820 region, and if things take a turn for the worse, we may even see it tumble down to the depths of $1.7880.
As for our technical indicators:
Hourly MACD – Alas, the MACD for XRP/USD is gaining momentum in the bearish realm, much to our chagrin.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD now languishes below the fateful 50 mark.
Major Support Levels – $1.90 and $1.870.
Major Resistance Levels – $1.950 and $2.00.
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2026-01-23 07:27