XRP price wins Beerarish Tempo under the $ 3,150 resistance zone. The price is struggling almost $ 3.00 and continues to run the risk of more losses.
- The XRP price drops under the levels of $ 3.20 and $ 3,150.
- The price is now traded under $ 3,120 and the 100-hour simple advancing average.
- There is a bearish trend line that forms with resistance at $ 3,060 on the hour table of the XRP/USD pair (data source of Kraken).
- The couple can get the bullish momentum back if it knew the $ 3.10 zone.
XRP -price is falling further
XRP price tried more profit above $ 3,250 zone, such as Bitcoin and Ethereum. The price could not extend the profit and started a downward correction below the level of $ 3,150.
The couple fell under the support levels of $ 3,120 and $ 3.10. Finally, it tested the $ 3.00 support zone. A low point was formed at $ 2,971 and the price now shows Beerarish signs under the 23.6% FIB retracement level of the downward movement of the $ 3,350 Swing high to $ 2.97 low.
The price is now traded under $ 3,050 and the 100-hour simple advancing average. At the top the price can face the resistance near the level of $ 3,020. The first major resistance is near the level of $ 3,050. There is also a bearish trend line that forms with resistance at $ 3,060 on the hour table of the XRP/USD pair.
A clear movement above the $ 3,060 resistance can send the price to $ 3,120 resistance. More profits can send the price to the resistance of $ 3,150 or the 50% FIB retracement level of the downward movement of the $ 3,350 swing high to $ 2.97 Low. The next big obstacle for the bulls is perhaps almost $ 3.20.
More losses?
If XRP did not know the $ 3,050 resistance zone, this can start a new decline. The first support on the disadvantage is near the level of $ 2,9650. The next major support is near the level of $ 2,920.
If there is a downward break and an end below the level of $ 2,920, the price can continue to fall in the direction of the $ 2,850 support. The next major support is near the $ 2.80 zone, which can be a greater decline.
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 – $ 2,920 and $ 2,850.
Important resistance levels – $ 3,050 and $ 3,150.