Well, well, well. Looks like XRP has decided to take the express elevator to the basement. Below $2.50? Check. Bearish signs? Double check. Next stop: $2.280, or maybe even the Mariana Trench of crypto prices. 🌊💸
- XRP is now doing the limbo below the $2.40 zone-how low can it go? 🤔
- Trading below $2.40 and the 100-hourly Simple Moving Average? That’s like showing up to a party after it’s over. 🎉👎
- A bearish trend line is forming at $2.40 on the hourly chart (courtesy of Kraken, the crypto squid of the deep). 🐙📉
- If it clears $2.50, it might start a fresh increase. But let’s be real, it’s about as likely as me winning a marathon. 🏃♂️💨
So, XRP decided to join Bitcoin and Ethereum in their downward spiral. Below $2.420, below $2.40-it’s like a crypto fire sale, but no one’s buying. Even dipped below $2.30, hitting a low of $2.287. Now it’s just sitting there, nursing its wounds and humming sad tunes. 🎶😢
There was a minor recovery, testing the 23.6% Fib retracement level (because why not add some fancy math to the misery?). But it’s still below $2.40 and the 100-hourly SMA, with that pesky bearish trend line at $2.40. If it tries to go up, $2.40 will be waiting like a bouncer at an exclusive club. 💪🚫
First major resistance? $2.450. Above that, it might test $2.467 (the 50% Fib level). A move above $2.4670? Maybe it’ll hit $2.50. And if it’s feeling extra spicy, $2.550. But let’s not get ahead of ourselves-$2.60 is still a pipe dream. 🌈💭
But wait, there’s more! If XRP can’t clear $2.40, it’s back to the races-downward, that is. First stop: $2.30. Then $2.280. Break below that? Hello, $2.250. And if it’s really feeling dramatic, $2.220 or even $2.120. Because why stop at one cliff when you can leap off several? 🌋⬇️
Technical Indicators:
Hourly MACD – Gaining pace in the bearish zone. It’s like the bears are on Red Bull. 🐻⚡
Hourly RSI – Below 50. Basically, XRP is feeling meh. 🤷♂️
Major Support Levels – $2.30 and $2.280. The safety nets, if you can call them that. 🕸️
Major Resistance Levels – $2.40 and $2.450. The walls XRP keeps banging its head against. 🧱😵
So, there you have it. XRP: the crypto that keeps giving… disappointment. But hey, at least it’s entertaining, right? 🎢🍿
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2025-10-17 08:18