The price of XRP began a new increase above the zone $ 2.30. The price is currently correcting profit and holds the support zone $ 2.220.
- The price of XRP began a new increase above the zone $ 2.30.
- The price is now traded below $ 2.2650 and a 100-hour simple sliding average.
- On the hourly diagram of the XRP/USD pair (Kraken data source) there is a key contract triangle with support for $ 2.220.
- The couple can start another increase if it is not close to the support of $ 2.220 lower than the support.
XRP Price owns keys support
The price of the XRP began a decent wave above the resistance level of 2.250 dollars and $ 2.280, defeating Bitcoin and Ethereum. The price was traded above the level of $ 2.30 to enter the positive zone.
The high maximum was formed at the level of $ 2.359, and the price began downward. There was a step below support levels of $ 2.30 and $ 2.280. The price checked the support zone $ 2.220. The low was formed at $ 2.2220, and the price currently consolidates losses below the FIB recovery by 23.6% compared to the descending step from $ 2.359 to a high level to $ 2.2220.
The price is now traded below $ 2.2650 and a 100-hour simple sliding average. On the other hand, the price may encounter a resistance of about $ 2.250.
The first major resistance is located near the level of $ 2.280. There is also a key contract triangle, formed with support of $ 2.220. On the hourly diagram of the XRP/USD pair. The next resistance is $ 2.30, and the FIB recovery level 61.8% in the descending movement from the maximum swing of $ 2.359 to $ 2.2220.
A clear move above the resistance of $ 2.30 can send a price of a resistance of $ 2.350. Any benefits can send a price of resistance to $ 2.320 or even $ 2.350 in the near future. The next major obstacle for bulls can be $ 2.420.
Supported falls?
If the XRP cannot clean the resistance zone in the amount of $ 2.2650, it can start another decrease. Initial support for a deficiency is at about $ 2.220. The next major support is located next to the level of $ 2.20.
If there is a break in the reverse order and approximately lower than the level of $ 2.20, the price may continue to decline to the support of $ 2.160. The next major support is located next to the $ 2.120 zone.
Technical indicators
The hourly MACD – MACD for XRP/USD is now gaining momentum in the bear area.
The hourly RSI (relative force) – RSI for XRP/USD now below the level of 50.
The main support levels are $ 2.220 and $ 2.20.
The main levels of resistance are $ 2.2650 US and $ 2.30.
