🚨 XRP Price Flashing Red — Larger Correction Could Hit Soon
大漠哥
Updated at: 3 hours ago
{"content":"🚨 XRP Price Flashing Red — Larger Correction Could Hit Soon
XRP is fighting to break $3.080. If it slips below $2.920, the price may continue to fall.
XRP is reversing gains from $3.080.
The 100-hourly Simple Moving Average and $2.9650 are nearby.
On the hourly XRP/USD chart, a negative trend line with resistance around $3.020 is formed.
The pair may fall if it lingers below $3.050.
XRP Price Struggles
Like Bitcoin and Ethereum, XRP fell from $3.0850. Price was below $3.0650 and $3.050.
Bears drove the price below $2.980 and the 100-hourly SMA. A spike below the 50% Fib retracement level of the upward advance from $2.824 swing low to $3.080 high occurred.
The price is below $2.9650 and the 100-hour SMA. On the hourly XRP/USD chart, a negative trend line with resistance around $3.020 is formed.
If bulls hold $2.920, price may rise again. Price may find resistance at $3.00 on the upside. At $3.020, severe resistance begins. A clean break over $3.020 might push the stock above $3.080. More advances might push pricing toward $3.120 barrier. The bulls may face a severe test at $3.150.
More Losses?
XRP may fall if it fails to break $3.020. The downside support is approaching $2.920, the 61.8% Fib retracement level of the upward rise from the $2.824 swing low to the $3.080 high. Near $2.8850 is the next important support.
A downward break and closure below $2.8850 might push the price near $2.80. Bearish momentum may develop below $2.780, the next significant 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: $2.920, $2.840.
$3.020–$3.080 are major resistance levels.
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