XRP price started a new fall in $ 3.00 resistance. The price is more than 20% higher and can lose losing $ 2.20 under support.
- XRP price started a new fall in the $ 3.00 zone.
- The price is now traded under $ 2.50 and the 100-hour simple advancing average.
- There was a break under a connecting bullish trend line with support for $ 2.40 on the hour table of the XRP/USD pair (Data Source of Kraken).
- The couple can stay down if it breaks the $ 2.20 support zone.
XRP -Price turns to
XRP price exceeded $ 2.50 and $ 2.80 levels before the bears appeared, such as Bitcoin and Ethereum. The price could not delete the $ 3.00 resistance and started a new decrease.
There was a sharp movement under the levels of $ 2.80 and $ 2.60. The price traded under the 50% FIB racement level of the upward movement of the $ 1.95 Swing low to the high of $ 3.00. There was also a break under a connecting bullish trend line with support for $ 2.40 on the hour table of the XRP/USD pair.
The price is now traded under $ 2.40 and the 100-hour simple advancing average. It now finds bids just above the 76.4% FIB retracement level of the upward movement of the $ 1.95 Swing Low to $ 3.00 high.
At the top the price can face the resistance to the level of $ 2.35. The first major resistance is near the level of $ 2.40. The next resistance is $ 2,4750. A clear movement above the $ 2,4750 resistance can send the price to the $ 2,620 resistance.
More profits can send the price to the resistance of $ 2,700 or even $ 2,750 in the short term. The next major obstacle for the bulls can be $ 2.80.
More losses?
If XRP did not know the $ 2.40 resistance zone, it can start a new decline. The first support at the disadvantage is near the level of $ 2.20. The next major support is near the level of $ 2,120.
If there is a narrow break and an end below the level of $ 2,120, the price can continue to fall in the direction of the $ 2,050 support. The next major support is near the $ 2.00 zone.
Technical indicators
MACD per hour – The MacD for XRP/USD now wins pace in the Bearish zone.
Picly RSI (relative strength -index) -The RSI for XRP/USD is now below the 50 -level level.
Important support levels – $ 2.20 and $ 2,120.
Important resistance levels – $ 2.40 and $ 2,4750.