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Home Analysis

XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?

Digital Pulse by Digital Pulse
April 17, 2025
in Analysis
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XRP’s .00 Pivot Point—A Launchpad or Breakdown Zone?
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XRP value began a contemporary decline under the $2.150 zone. The value is now consolidating above $2.00 and going through hurdles close to the $2.120 zone.

XRP value began a draw back correction from the $2.250 resistance zone.
The value is now buying and selling under $2.10 and the 100-hourly Easy Shifting Common.
There’s a key bearish development line forming with resistance at $2.130 on the hourly chart of the XRP/USD pair (information supply from Kraken).
The pair may prolong losses if there’s a shut under the $2.00 assist zone.

XRP Value Faces Resistance

XRP value began a draw back correction from the $2.250 zone, like Bitcoin and Ethereum. The value traded under the $2.150 and $2.120 ranges to enter a bearish zone.

The value even spiked under $2.050 however stayed above $2.00. A low was shaped at $2.036 and the value is now consolidating losses. There was a restoration wave above the $2.10 degree. The value spiked above the 50% Fib retracement degree of the downward transfer from the $2.184 swing excessive to the $2.036 low.

The value is now buying and selling under $2.10 and the 100-hourly Easy Shifting Common. On the upside, the value may face resistance close to the $2.120 degree. There may be additionally a key bearish development line forming with resistance at $2.130 on the hourly chart of the XRP/USD pair.

The development line is close to the 61.8% Fib retracement degree of the downward transfer from the $2.184 swing excessive to the $2.036 low. The primary main resistance is close to the $2.180 degree. The subsequent resistance is $2.20. A transparent transfer above the $2.20 resistance may ship the value towards the $2.250 resistance. Any extra features may ship the value towards the $2.320 resistance and even $2.350 within the close to time period. The subsequent main hurdle for the bulls is perhaps $2.50.

Extra Losses?

If XRP fails to clear the $2.120 resistance zone, it might begin one other decline. Preliminary assist on the draw back is close to the $2.030 degree. The subsequent main assist is close to the $2.00 degree.

If there’s a draw back break and an in depth under the $2.00 degree, the value may proceed to say no towards the $1.920 assist. The subsequent main assist sits close to the $1.840 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now shedding tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for XRP/USD is now under the 50 degree.

Main Assist Ranges – $2.030 and $2.00.

Main Resistance Ranges – $2.120 and $2.180.



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Tags: BreakdownLaunchpadPivotPointAXRPsZone
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