The price of the XRP has decreased compared to the resistance zone $ 2.85. The price shows several bear signs and must clean $ 2.650 to start a new increase.
- The price of XRP began a new decline below the level of $ 2.70.
- The price is now traded below $ 2.650 and a 100-hour simple sliding average.
- In the hourly diagram of the XRP/USD pair (Kraken data source, there is a key line of a bear trend with a resistance of $ 2.620.
- The couple may begin a new increase if the resistance zone in the amount of $ 2.620 cleanses.
XRP price drops on
XRP Price failed to reach the pace at a step higher than $ 2.850 and began a fresh decrease, such as Bitcoin and Ethereum. The price decreased below the levels of $ 2.720 and $ 2.70.
There was also a step below the $ 2.60 support level. Finally, the price checked the zone $ 2.50. The low was formed at the level of $ 2.470, and the price currently consolidates losses near the level of FIB recovery 23.6% down the descending movement from maximum swing of $ 2.470 $ 2.470.
The price is now traded below $ 2.650 and a 100-hour simple sliding average. On the other hand, the price may encounter a resistance of about $ 2.60. There is also a key line of bear trends that forms resistance at the level of 2.620 dollars. On the hourly diagram of the XRP/USD pair.
The first main resistance is located near the level of $ 2.650 or the FIB recovery level by 50% by the descending movement from the maximum swing of $ 2.832 to a low level of $ 2.470. The next resistance is $ 2.70.
A clear stroke above the resistance of $ 2.70 can send a price of $ 2.80. Any benefits can send a price of resistance to $ 2.850 or even $ 2.880 in the near future. The next major obstacle for bulls can be $ 3.00.
Another decline?
If the XRP cannot clean the resistance zone in the amount of $ 2.650, it can start another decrease. Initial support for a deficiency is at about $ 2.50. The next major support is $ 2.480.
If there is a break in the reverse order and approximately lower than the level of $ 2.480, the price may continue to decrease to the support of $ 2.420. The next major support is located next to the $ 2.350 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 $ 2.50 and $ 2.480.
The main resistance levels are $ 2.60 and $ 2.650 dollars.
