XRP Price Momentum Stalls: Bulls Fails to Break Through

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,896,709,234,893	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,896,709,234,893

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	386.77	0.40%	96,072.41	96,062.60	96,070.41

Price Change

Price Change %

Current Price

Bid Price

Offer

386.77

0.40%

96,072.41

96,062.60

96,070.41

High Price	Low Price	Open Price	Prev. Close	52 Week Range
96,496.57	94,555.94	95,696.20	95,685.64	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

96,496.57

94,555.94

95,696.20

95,685.64

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:31:21	0.00000010	96,072.41	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:31:21

0.00000010

96,072.41

USD

Price x Volume	Volume	Base Symbol	Related Pairs
419,648,114.48	4,388.05	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

419,648,114.48

4,388.05

XRP Price Momentum Stalls: Bulls Fails to Break Through

26/12/2024 4:08am

NEWSBTC

XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Fails Again XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.240 and $2.210. Major Resistance Levels – $2.300 and $2.350.

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