XRP’s Wild Ride: Will It Crash or Soar? The Drama Unfolds!

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Oh, the poor little XRP! It’s been tumbling like a clumsy acrobat, slipping below $1.60 faster than a child’s grip on an ice cream cone. Now it’s wobbling around, trying to find its feet, but if it dips below $1.50, it might just face-plant into the mud.

  • XRP decided to take a nosedive below the $1.650 mark, as if it had a sudden craving for the basement.
  • It’s now loitering below $1.60, looking glum and dragging its feet like a toddler who’s been told bedtime is early.
  • A sneaky bearish trend line is forming, with resistance at $1.650 on the hourly chart of the XRP/USD pair (courtesy of Kraken, the octopus of data sources).
  • If it stays below $1.650, it might as well pack its bags for a downward holiday.

XRP Takes a 15% Plunge: Splash!

XRP couldn’t hold its ground above $1.80 and decided to join Bitcoin and Ethereum in their dramatic descent. It tumbled below $1.720 and $1.650, landing in a bearish puddle with a splat. It even dipped its toes below $1.550, hitting a low of $1.50 before catching its breath.

There was a brief moment of hope as it bobbed back above $1.550, clearing the 23.6% Fib retracement level like a fish leaping out of water. But alas, it’s now back below $1.60, sulking alongside the 100-hourly Simple Moving Average. If it tries to climb again, $1.60 will likely give it a stern “No trespassing” look.

Should it somehow manage to close above $1.650, it might aim for $1.720 or the 50% Fib retracement level, like a cat eyeing a high shelf. The next obstacle is $1.770. If it clears that, $1.80 might be within reach. Any further gains could see it knocking on $1.8350’s door. But the real challenge for the bulls? The $1.90 fortress.

Or Will It Tumble Again? The Plot Thickens!

If XRP can’t muster the courage to clear the $1.60 resistance, it might as well start humming a sad tune and head south. First stop: $1.540. Next major support? $1.5150. If it breaks below that, $1.50 awaits with open arms. And if it keeps falling, $1.4650 and $1.420 are there to catch it-or not.

Technical Indicators

Hourly MACD – The MACD is strutting its stuff in the bearish zone, looking quite pleased with itself.

Hourly RSI (Relative Strength Index) – The RSI is sulking below the 50 level, clearly not in the mood for a party.

Major Support Levels – $1.540 and $1.50. (Think of them as safety nets, but with holes.)

Major Resistance Levels – $1.60 and $1.650. (These are the bouncers at the club, arms crossed and unimpressed.)

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2026-02-02 09:06