Ripple Price Struggles ⚡ – Limited Upside as Resistance Hold
koinmilyoner
Updated at: 2 hours ago
{"content":"Ripple Price Struggles ⚡ – Limited Upside as Resistance Holds
A new fall began below $2.920 for XRP. The price is bearish and may go below $2.80 again.
Below $2.920, XRP is falling.
The price is below $2.90 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line with resistance at $2.920 is formed.
If below $2.80, the pair may fall.
XRP Falls Sharply
Like Bitcoin and Ethereum, XRP fell below $3.120. Price fell below $3.00 and $2.920 support.
Bears drove prices below $2.80. Price is recovering after a low of $2.678. Price moved beyond the 23.6% Fib retracement level of the latest fall from $3.138 swing high to $2.678 low.
The price is below $2.90 and the 100-hour SMA. The hourly XRP/USD chart shows a negative trend line with resistance at $2.920. If bulls hold $2.80, price may recover steadily.
Price may find resistance at $2.90 on the upside. First big barrier is between $2.920 and the trend line. It is around the 50% Fib retracement level of the latest slide from $3.138 swing high to $2.678 low.
A clean break over $2.920 might push the market above $3.00. More advances might push pricing toward $3.050 barrier. The bulls may face a severe test at $3.120.
Another Fall?
XRP may fall if it fails to break $2.920. The downside has first support at $2.820. Near $2.80 is the next important support.
If the price breaks down and closes below $2.80, it may fall to $2.740. The price may go below $2.650, the next key support.
Tech Indicators
Hourly MACD on XRP/USD is falling in the negative zone.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $2.820, $2.80.
Two major resistance levels: $2.90 and $2.920.
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