{"id":17004,"date":"2025-03-10T12:46:53","date_gmt":"2025-03-10T12:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17004"},"modified":"2025-03-10T12:46:53","modified_gmt":"2025-03-10T12:46:53","slug":"xrp-bulls-need-to-defend-near-2-support-after-the-largest-price-drop-since-november-2022-heres-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17004","title":{"rendered":"XRP Bulls Need to Defend Near $2 Support After the Largest Price Drop Since November 2022. Here&#8217;s Why."},"content":{"rendered":"<div>\n<p>Prices for XRP, the payments-focused cryptocurrency used by Ripple to facilitate cross-border transactions, plummeted over 27% in the week ended March 9, marking its largest weekly percentage decline since November 2022, according to data source TradingView and CoinDesk.<\/p>\n<p>The sell-off has brought attention to $1.95, key support, which, if breached, could lead to more profound losses.<\/p>\n<p>The level has served as a demand zone while forming a head-and-shoulders (H&amp;S) topping pattern, which has been developing since December. The H&amp;S pattern comprises three peaks, with the middle being the highest and a horizontal demand zone, called the neckline, identified by a trendline connecting the base of the three peaks.<\/p>\n<p>A break below the neckline signifies weakness in demand and a bullish-to-bearish trend change in the market, often yielding deeper losses equal to the gap between the neckline and the middle peak.<\/p>\n<p>The bulls, therefore, need to defend the support near $2, failing which will trigger the H&amp;S breakdown, opening doors for a slide to 60 cents, the level that acted as stiff resistance last year.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/27f728b54fe1e1a89cb8f28877f6198e8397f40d-2350x1026.png?auto=format\" alt=\"\"><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prices for XRP, the payments-focused cryptocurrency used by Ripple to facilitate cross-border transactions, plummeted over 27% in the week ended March 9, marking its largest weekly percentage decline since November 2022, according to data source TradingView and CoinDesk. The sell-off has brought attention to $1.95, key support, which, if breached, could lead to more profound [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17004","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17004"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17004\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}