XRP PRICE Started A Fresh Decline from the $ 2.320 Zone. The price is now corrective gains and might find bids next the $ 2.120 zone.
- XRP PRICE Started A Fresh Decline from the $ 2.320 Zone.
- The price is now trading below $ 2.220 and the 100-hourly simpeding average.
- There was a Break Below a Key Bullish Trend Line with Support at $ 2.20 on the Hourly Chart of the XRP/USD Pair (Data Source from Kaken).
- The Pair Cououl Extend Losses If It Fails to Clear the $ 2.220 Resistance Zone.
XRP Price Dips Further
XRP PRICE FAILED to Extend Gains Above the $ 2.320 Resistance and Started a Fresh Decline, Like Bitcoin and ETAREUM. The Price Declined Below The $ 2.250 and $ 2.220 Support Levels.
Besides, there was a break Beau a Key Bullish Trend Line with Support at $ 2.20 on the Hourly Chart of the XRP/USD Pair. The Pair Even Spiked Below The $ 2.150 Level. A Low Was Formed AT $ 2.148 and the Price is now Consolidating Losses Beau the 23.6% Fib Retracement Level of the Download Move from the $ 2.327 Swing High to the $ 2.148 LOW.
The price is now trading below $ 2.220 and the 100-hourly simpeding average. On the Upside, The Price Might Face Resistance Near the $ 2.20 Level. The First Major Resistance Is Near the $ 2.220 Level. The Next Resistance Is $ 2.2380. It is Close to the 50% FIB Retracement Level of the Download Move from the $ 2.327 Swing High to the $ 2.148 LOW.
A CLEAR MOVE ABOVE The $ 2.2380 Resistance Might Send the PRICE TOWARD The $ 2.2850 Resistance. Any more Gains Might Send the PRICE TOWARD The $ 2.30 Resistance or Even $ 2.320 in the Near Term. The Next Major Hurdle for the Bulls Might Be $ 2.40.
Fresh Decline?
If XRP FAILS to CLEAR The $ 2.220 Resistance Zone, IT COUL Start Another Decline. Initial Support on the download is the next the $ 2.150 Level. The Next Major Support is Near the $ 2.120 Level.
If there is a download .. The Next Major Support Sits Near the $ 2.020 Zone.
Technical Indicators
Hourly Macd – The Macd for XRP/USD is now lung hat in the Bearish Zone.
Hourly Rsi (Relative Strength Index) – The RSI for XRP/USD is now bew the 50 level.
Major Support Levels – $ 2.150 and $ 2.120.
Major Resistance Levels – $ 2.220 and $ 2.2850.
