XRP price started a new recovery wave above $ 2.00 zone. The price now shows positive drawing and can erase the $ 2,250 resistance zone.
- XRP price started a new wave of recovery above the $ 2,120 resistance zone.
- The price is now traded above $ 2,150 and the 100-hour simple advancing average.
- There is a bullish trend line in the short term that forms with support at $ 2,188 on the hourly table of the XRP/USD pair (Data Source of Kraken).
- The couple can continue to rise if it knew the $ 2,250 resistance zone.
XRP Price Eyes Op Head Pause
The XRP price remained supported and started a recovery wave from the $ 1.90 zone, such as Bitcoin and Ethereum. The price was able to erase the resistance levels of $ 2.00 and $ 2,050.
There was a movement above the $ 2,120 resistance. The price exceeded the 50% FIB retracement level of the downward wave of the $ 2,365 swing high to $ 1.90 low. De Beren, however, are now active near the $ 2,250 resistance zone.
The price is now traded above $ 2,150 and the 100-hour simple advancing average. There is also a bullish trend line in the short term that forms with support for $ 2,188 on the hourly table of the XRP/USD couple.
At the top the price can resist the level of $ 2,250 face. It is close to the 76.4% FIB retraction level of the downward wave of $ 2,365 swing high to $ 1.90 low. The first major resistance is near the level of $ 2,3650.
The next resistance is $ 2,450. A clear movement above the $ 2,450 resistance can send the price to $ 2.50 resistance. More profits can send the price to the resistance of $ 2,550 or even $ 2,650 in the short term. The next major obstacle for the bulls can be $ 2.80.
Another decline?
If XRP did not know the $ 2,250 resistance zone, it can start a new decline. The first support on the disadvantage is near the level of $ 2,1880 and the trend line. 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 bullish zone.
Picly RSI (relative strength -index) -The RSI for XRP/USD is now above 50 -level.
Important support levels – $ 2,180 and $ 2,120.
Important resistance levels – $ 2,250 and $ 2,350.