⚠️ XRP Struggles to Rebound — Key Resistance Levels Stand in
koinmilyoner
Updated at: 7 hours ago
{"content":"⚠️ XRP Struggles to Rebound — Key Resistance Levels Stand in the Way
XRP sold down again and touched $2.080. Price is rebounding and may get over $2.20 resistance.
XRP rose from $2.080.
The price is above $2.150 and the 100-hour SMA.
The hourly XRP/USD chart shows a short-term ascending channel with support near $2.140.
If it breaks $2.20 barrier, the pair may rise again.
Price of XRP Sees Recovery
XRP fell below $2.250 and $2.20, like Bitcoin and Ethereum. The price fell below $2.120 and touched $2.080.
Price has fallen to $2.085 and is trying to rebound. Prices rose over $2.10 and $2.120. The price rose above the 23.6% Fib retracement of the decline from $2.338 swing high to $2.085 low.
The hourly XRP/USD chart shows a short-term ascending channel with support near $2.140. The price is above $2.150 and the 100-hour SMA.
Price may find resistance at $2.20 on the upside. First significant resistance is around $2.2120. It is around the 50% Fib retracement of the decline from the $2.338 swing high to $2.085 low.
The next hurdle is $2.250. A clean break over $2.250 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 Fall?
XRP may fall again if it fails to break $2.20. The trend line and $2.140 provide first negative support. Near $2.120 is the next key support.
A bearish break and closing below $2.120 might push the price around $2.080. Near $2.020 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD MACD is rising in the positive zone.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.150, $2.120.
Two major resistance levels: $2.20 and $2.2120.
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