The price of the XRP began a fresh increase above the level of $ 3.050. The price provides growth and can continue to grow if it cleanses the resistance in the amount of $ 3.20.
- The price of XRP increased more than 15% and rose towards the zone $ 3.40.
- The price is now traded below $ 3.250 and a 100-hour simple sliding average.
- On the hourly diagram of the XRP/USD pair (Kraken data source) there is a connecting line of a bear trend with a resistance of $ 3.20.
- The couple can begin a new increase if it remains higher than support for $ 2.880.
XRP price will fall in support
The price of the XRP managed to start a new increase above the resistance level by $ 2.750 and $ 2.880. The price surpassed both Bitcoin and Ethereum. There was a step above the levels of $ 3.050 and $ 3.20.
The price checked the zone $ 3.40 and recently corrected some benefits. The low was formed at 2.81 dollars, and the price is currently restored. There was a step above the level of $ 3.050. The price cleansed the level of recovery by 50% in the descending movement from the maximum swing of $ 3.23 to a minimum of $ 2.81.
The price is now traded below $ 3.20 and a 100-hour simple sliding average. There is also a connecting line of a bear trend that forms resistance at the level of $ 3.20. On the hourly diagram of the XRP/USD pair.
On the other hand, the price may encounter resistance near the level of $ 3.130 or the FIB recovery level of 76.4% for the descending movement from maximum swing of $ 3.81 to $ 2.81. The first major resistance is located next to the level of $ 3.20. The next resistance is $ 3.230.
A clear move above the resistance in the amount of $ 3.230 can send the price of a resistance to $ 3.320. Any benefits can send a price of a resistance to $ 3.40 or even $ 3.420 in the near future. The next major obstacle for bulls can be $ 3.50 and a new record high place.
Another correction of the deficiency?
If the XRP cannot clean the resistance zone in the amount of $ 3.20, this may start another decrease. Initial support for a deficiency is at about $ 3.00. The next major support is $ 2.88.
If there is a break in the reverse order and approximately lower than the level of $ 2.88, the price may continue to decline to the support of $ 2.750. The next major support is located next to the $ 2.650 zone.
Technical indicators
The hourly MACD – MACD for XRP/USD is now gaining momentum in the bull zone.
The hourly RSI (relative force) – RSI for XRP/USD now below the level of 50.
The main support levels are $ 3.00 and $ 2.880.
The main levels of resistance are $ 3.130 and $ 3.20 dollars.
