The price of XRP began a forceful enhance above the zone USD 2,850. The price now corrects profits and shows positive characters above USD 3.00.
- The price of XRP has started a downward correction from the USD 3.220 zone.
- The price is currently listed above USD 3.00, and a 100-hour plain movable average.
- Below the connecting trend line in combination with the $ 3.150 service on the hourly chart of the XRP/USD (data source from Kraken).
- The couple can start a fresh growth if they remove a resistance zone worth USD 3.150.
The price of XRP recovers the rush
The price of XRP has started a fresh enhance compared to the USD 2.650 zone, exceeding Bitcoin and Ethereum. The price increased above the resistance levels 2.85 and USD 3.00. He returned even above USD 3,050.
The amount was created at USD 3.214, and the price has recently obtained some profits. Except for USD 3.15. The price has dropped below 23.6% of the up to $ 2.6562 swing fib.
There was a break below the stubborn trend line with the $ 3,150 service on the XRP/USD hour chart. The price is currently listed above USD 3.00, and a 100-hour plain movable average.
On the other hand, the price may encounter resistance near the USD 3.085. The first stern resistance is close to USD 3.150. The next resistance is USD 3.20. A clear movement above the resistance of $ 3.20 can send a price up to $ 3.220. Any profits can send a price towards the resistance of USD 3.250, and even USD 3,350 in the near future. Another critical obstacle to Bulls can be USD 3.450.
Another drop?
If XRP does not pristine the resistance zone of USD 3.0,850, it may start another decrease. Initial support is close to USD 3.00. Another stern support is located near the USD 2,9350 or 50% of the UP FIB withdrawal level from USD 2,6562 at a low level to $ 3.214.
If there is a break in the minus and closing below USD 2,9350, the price may continue to fall towards the support of USD 2.880. Another enormous support is located near the USD 2,750 zone.
Technical indicators
MacD – MacD for XRP/USD is now losing the pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for XRP/USD is now below level 50.
Main support levels – USD 3.00 and USD 2,9350.
Main resistance levels – USD 3,0850 and USD 3,150.
