XRP price started a new increase above the $ 2,220 resistance zone. The price is now consolidating and can strive for a movement above the $ 2,250 resistance.
- XRP price started a new increase above $ 2,220 zone.
- The price is now traded above $ 2,220 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 2,185 on the hour table of the XRP/USD pair (data source of Kraken).
- The couple can start a different increase if it knew the $ 2,250 resistance zone.
XRP price has support
The XRP price remained stable above the support of $ 2,050 and started a decent upward move, with Bitcoin and Ethereum defeating. There was a movement above the levels of $ 0.2150 and $ 0.20.
The bulls could erase the $ 2.25 resistance zone. A high was formed at $ 2,2816 and the price now corrects profits. The price fell below the level of $ 2.25 and the FIB retracement level of 50% of the upward movement of the $ 2,137 Swing Low to $ 2,2816 High.
The price is now traded above $ 2.20 and the 100-hour simple advancing average. There is also an important bullish trend line that forms with support for $ 2,185 on the hour table of the XRP/USD pair. It is close to the 61.8% FIB retraction level of the upward movement of the $ 2,137 Swing Low to the $ 2,2816 high.
At the top the price can undergo resistance near the level of $ 2,2320. The first major resistance is near the level of $ 2,250. The next resistance is $ 2,2850. A clear movement above the $ 2,2850 resistance can send the price to the $ 2,320 resistance. More profits can send the price to the resistance of $ 2,350 or even $ 2,380 in the short term. The next big obstacle for the bulls is perhaps $ 2.40.
Disadvantage?
If XRP did not know the $ 2.25 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 $ 2,1850.
If there is a downward break and an end below the level of $ 2,1850, the price can continue to fall in the direction of the $ 2,150 support. The next major support is near the $ 2,120 zone.
Technical indicators
Hourly MacD – The MACD for XRP/USD now loses pace in the bullish zone.
Picly RSI (relative strength -index) -The RSI for XRP/USD is now below the 50 -level level.
Important support levels – $ 2.20 and $ 2,1850.
Important resistance levels – $ 2,250 and $ 2.30.