⚡ XRP Battles $3.10 Wall, But Bears Still Call the Shots Be
koinmilyoner
Updated at: 6 hours ago
{"content":"⚡ XRP Battles $3.10 Wall, But Bears Still Call the Shots
Below $3.10 barrier, XRP is falling. Price is languishing at $3.050 and might go further.
XRP is falling below $3.150 and $3.10.
The price is below $3.10 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance at $3.070.
If it breaks $3.120, the pair may become bullish.
XRP Falls More
XRP, like Bitcoin and Ethereum, stayed negative after closing below $3.20. The price fell below $3.10 support.
The price fell below $3.00. The $2.950 support zone was tested last. Price produced a low at $2.941 and recently tried a rebound wave above the 50% Fib retracement line of the downward move from the $3.148 swing high to the low.
Bears were aggressive at $3.10 and the 76.4% Fib retracement level of the $3.148 swing high to $2.941 low decline. On the hourly XRP/USD chart, a negative trend line with resistance around $3.070 is formed.
The price is below $3.050 and the 100-hour SMA. Price may find resistance at $3.0450 on the upside. At $3.070, serious resistance begins.
A clean break over $3.070 might push the price above $3.120. More advances might push the stock near $3.150 barrier or the 50% Fib retracement level of the $3.350 swing high to $2.97 low. The bulls may face a severe test at $3.20.
More Losses?
XRP might fall again if it fails to break $3.070. Near $2.9420 is first downward support. Near $2.920 is the next important support.
A bearish break and closing below $2.920 might push the price around $2.850. A greater drop might occur below $2.80, 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: $2.940, $2.880.
Major Resistance Levels: $3.070, $3.10.
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