XRP price started a new increase over the $ 2.20 resistance. The price now corrects profits and can find bids near the $ 2,050 zone.
- XRP price started a downward correction of the $ 2,250 resistance zone.
- The price is now traded under $ 2,120 and the 100-hour simple advancing average.
- There was a break under a connecting bullish trend line with support at $ 2,140 on the hourly table of the XRP/USD pair (Data Source of Kraken).
- The couple can increase losses if there is an end under the $ 2,050 support zone.
XRP -price is falling again
XRP price started a new increase above $ 1,980, such as Bitcoin and Ethereum. The price climbed above the resistance levels of $ 2,020 and $ 2,050.
A high was formed at $ 2,244 and the price recently started a disadvantage correction. There was a movement under the $ 2,120 support zone. By the way, there was a break under a connecting bullish trend line with support for $ 2,140 on the hourly table of the XRP/USD pair.
The price was even below the 50% FIB racement level of the upward movement of the $ 1,920 Swing low to $ 2,244 high. The price is now traded under $ 2,120 and the 100-hour simple advancing average.
At the top, the price can face the resistance to the level of $ 2,120. The first major resistance is near the level of $ 2,180. The next resistance is $ 2.20. A clear movement above the $ 2.20 resistance can send the price to $ 2,250 resistance. More profits can send the price to the resistance of $ 2,320 or even $ 2,350 in the short term. The next big obstacle for the bulls is perhaps $ 2.50.
Another decline?
If XRP did not know the $ 2,120 resistance zone, it can start a new decline. The first support for the disadvantage is close to the level of $ 2,050 and the 61.8% FIB retracement level of the upward movement of the $ 1,920 Swing Low to $ 2,244 High. The next major support is near the level of $ 2.00.
If there is a narrow break and an end to the $ 2.00 level, the price can continue to fall in the direction of the $ 1,920 support. The next major support is near the $ 1,840 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 – $ 2,050 and $ 2.00.
Important resistance levels – $ 2,120 and $ 2,180.