• Latest
  • Trending
XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound

XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound

January 27, 2025
Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

June 3, 2025
ETH Metrics Signal Potential Bull Run Ahead

ETH Metrics Signal Potential Bull Run Ahead

June 3, 2025
Blockchain Firm Veraviews Launches Fraud-Focused UAE Ad Exchange

Blockchain Firm Veraviews Launches Fraud-Focused UAE Ad Exchange

June 3, 2025
BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

June 3, 2025
US Military Leadership Supports BTC Reserve: Sen. Lummis

US Military Leadership Supports BTC Reserve: Sen. Lummis

June 3, 2025
Pi Coin slumps amid renewed migration activity on Pi Network

Pi Coin slumps amid renewed migration activity on Pi Network

June 3, 2025
Musk Might Buy More Bitcoin After Congress Rant, XRP Advocate Says

Musk Might Buy More Bitcoin After Congress Rant, XRP Advocate Says

June 3, 2025
Kraken completes SOC 2 Type 2 compliance report, underscoring commitment to institutional security

Kraken completes SOC 2 Type 2 compliance report, underscoring commitment to institutional security

June 3, 2025
Slides as Bitcoin Buying Spree Plans Trigger Investor Caution

Surges 12%+ On Q125 Beat Despite Long-Term Underperformance

June 3, 2025
  • Privacy Policy
Tuesday, June 3, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound

J_News by J_News
January 27, 2025
in Crypto, Top News
0
XRP Price Dips Before Surging: Bulls Take Charge In A Dramatic Rebound
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


XRP price declined sharply and tested the $2.650 support zone. The price is now correcting gains and showing positive signs above $3.00.

Related articles

Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

June 3, 2025
ETH Metrics Signal Potential Bull Run Ahead

ETH Metrics Signal Potential Bull Run Ahead

June 3, 2025
  • XRP price started a fresh decline below the $3.00 zone.
  • The price is now trading below $3.120 and the 100-hourly Simple Moving Average.
  • There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might struggle to clear the $3.10 and $3.12 resistance levels.

XRP Price Dips Further Before Rebound

XRP price struggled to continue higher above the $3.050 resistance and reacted to the downside, like Bitcoin and Ethereum. The price dipped below the $3.00 and $2.80 support levels.

The pair even spiked below the $2.720 support. A low was formed at $2.6562 and the price is now correcting losses. There was a sharp increase above the $2.80 and $2.85 levels. The price cleared the 50% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low.

There was a break above a connecting bearish trend line with resistance at $2.950 on the hourly chart of the XRP/USD pair. The price is now trading below $3.120 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $3.10 level or the 76.4% Fib retracement level of the downward move from the $3.207 swing high to the $2.6562 low. The first major resistance is near the $3.120 level. The next resistance is $3.150.

A clear move above the $3.150 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.250 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be $3.450.

Another Decline?

If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level.

If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $3.00 and $2.950.

Major Resistance Levels – $3.100 and $3.120.



Source link

ShareTweetShareShare

Related Posts

Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

Volatility Is Your Weapon: Mastering Altcoin Options with PowerTrade | by PowerTrade | The Capital | Apr, 2025

by J_News
June 3, 2025
0

Cryptocurrency markets are notorious for their rollercoaster swings, and nowhere is this more true than with altcoins. If you’ve spent...

ETH Metrics Signal Potential Bull Run Ahead

ETH Metrics Signal Potential Bull Run Ahead

by J_News
June 3, 2025
0

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories...

Blockchain Firm Veraviews Launches Fraud-Focused UAE Ad Exchange

Blockchain Firm Veraviews Launches Fraud-Focused UAE Ad Exchange

by J_News
June 3, 2025
0

Blockchain-powered advertising firm Veraviews has launched the UAE’s first domestically developed advertising exchange and supply-side platform. Veraviews SSP Targets UAE...

BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

BitMart Discovery Officially Launches, Pioneering a New Era in Quality Asset Discovery

by J_News
June 3, 2025
0

BitMart, the premium global digital asset trading platform, today announced the official launch of its innovative asset spotlight zone, BM...

US Military Leadership Supports BTC Reserve: Sen. Lummis

US Military Leadership Supports BTC Reserve: Sen. Lummis

by J_News
June 3, 2025
0

US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog