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XRP Loses Recent Gains
After breaking $3.00 barrier, XRP fell again. Over 20% drop, the price may go below $2.20.
From $3.00, XRP fell again.
The price is below $2.50 and the 100-hour SMA.
On the hourly XRP/USD chart, a bullish trend line with support at $2.40 broke.
Breaking the $2.20 support zone might keep the pair down.
Reverse XRP Price
XRP rose beyond $2.50 and $2.80 before Bitcoin and Ethereum bulls came. The price fell after failing to break $3.00 barrier.
A severe drop occurred below $2.80 and $2.60. The price fell below the 50% Fib retracement line of the $1.95 swing low to $3.00 high upward rise. The hourly XRP/USD chart also broke below a positive trend line with support at $2.40.
The price is below $2.40 and the 100-hour SMA. Bids are coming in just above the 76.4% Fib retracement line of the $1.95 swing low to $3.00 high.
Price may find resistance at $2.35 on the upside. Near $2.40 is the first big resistance. Next resistance is $2.4750. A clean break above $2.4750 might push the price above $2.620.
More advances might push the price toward $2.700 or $2.750. $2.80 may be the bulls' next challenge.
More Losses?
XRP may fall again if it fails to break $2.40. The downside has first support at $2.20. Near $2.120 is the next key support.
A bearish break and closing below $2.120 might push the stock below $2.050. Near $2.00 is the next important 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: $2.20, $2.120.
Two major resistance levels: $2.40 and $2.4750.
#MarketPullback #BinanceAlphaAlert #USCryptoReserve #xrp #Xrp🔥🔥 $XRP
After breaking $3.00 barrier, XRP fell again. Over 20% drop, the price may go below $2.20.
From $3.00, XRP fell again.
The price is below $2.50 and the 100-hour SMA.
On the hourly XRP/USD chart, a bullish trend line with support at $2.40 broke.
Breaking the $2.20 support zone might keep the pair down.
Reverse XRP Price
XRP rose beyond $2.50 and $2.80 before Bitcoin and Ethereum bulls came. The price fell after failing to break $3.00 barrier.
A severe drop occurred below $2.80 and $2.60. The price fell below the 50% Fib retracement line of the $1.95 swing low to $3.00 high upward rise. The hourly XRP/USD chart also broke below a positive trend line with support at $2.40.
The price is below $2.40 and the 100-hour SMA. Bids are coming in just above the 76.4% Fib retracement line of the $1.95 swing low to $3.00 high.
Price may find resistance at $2.35 on the upside. Near $2.40 is the first big resistance. Next resistance is $2.4750. A clean break above $2.4750 might push the price above $2.620.
More advances might push the price toward $2.700 or $2.750. $2.80 may be the bulls' next challenge.
More Losses?
XRP may fall again if it fails to break $2.40. The downside has first support at $2.20. Near $2.120 is the next key support.
A bearish break and closing below $2.120 might push the stock below $2.050. Near $2.00 is the next important 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: $2.20, $2.120.
Two major resistance levels: $2.40 and $2.4750.
#MarketPullback #BinanceAlphaAlert #USCryptoReserve #xrp #Xrp🔥🔥 $XRP
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