🧨 XRP Price Falters — Could This Be the Start of a Steeper
CryptoPotato
Updated at: a day ago
{"content":"🧨 XRP Price Falters — Could This Be the Start of a Steeper Decline?
Below $2.280, XRP fell again. The price is correcting losses and may get over $2.250 barrier.
Below $2.280, XRP fell again.
The price is below $2.270 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance around $2.270.
If it fails to break $2.2440, the pair may fall again.
XRP Falls More
Bitcoin and Ethereum fell as XRP failed to break $0.3550 barrier. Below $0.3000 and $0.280 support levels.
The price fell below $0.220 support. The price is consolidating losses after a $0.2132 low. A little advance over $0.220 occurred. Price passed the 23.6% Fib retracement level of the falling wave from $2.3540 swing high to $2.2132 low.
The price is below $2.30 and the 100-hour SMA. Price may find resistance at $2.2440 on the upside. It is around the 50% Fib retracement of the negative wave from $2.3540 swing high to $2.2132 low.
Near $2.270 is the first big resistance. On the hourly XRP/USD chart, a negative trend line with resistance around $2.270 is formed.
$2.30 is next resistance. A clean break over $2.30 might push the market above $2.320. More advances might push the price toward $2.350 or $2.3650. The bulls may face $2.420 next.
Another Drop?
XRP may fall again if it fails to break $2.270. The downside has first support at $2.180. Near $2.160 is the next key support.
A downward break and closing below $2.160 might push the stock below $2.120. Near $2.080 is the next important support.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $2.180, $2.160.
Two major resistance levels: $2.2440 and $2.270.
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