The price of XRP started again a decrease below the zone USD 2,050. The price is now consolidated and can face obstacles near USD 2.10.
- The price of XRP began again a decrease below USD 2.120 and USD 2,050.
- The price is currently listed below $ 2.10 and a 100-hour straight movable average.
- There is a compact -term falling channel with a resistance of USD 2,0680 on the chart of the hourly pair XRP/USD (data source from Kraken).
- The couple can extend the losses if they do not pristine the resistance zone of $ 2.10.
Xrp price attempt to recover
XRP Price has expanded the losses below the level of support $ 2,050, such as Bitcoin and Ethereum. The price has dropped below USD 2.00 and USD 1,980 levels. Low was created at USD 1.960, and the price is trying to recover.
There was traffic above levels 2.00 and USD 2.020. The price exceeded 23.6% of the level of reluctance of the FIB of inheritance from USD 2,235 to the lowest level of USD 1.960. However, bears are energetic below the resistance zone of USD 2.10.
The price is currently listed below $ 2.10 and a 100-hour straight movable average. On the other hand, the price may encounter resistance near USD 2.070. There is also a compact -term falling channel with a resistance of USD 2,0680 on the hourly chart of the XRP/USD pair.
The first high resistance is close to USD 2.10. It is nearly 50% of the level of relief FIB down movement from a height of USD 2,235 to the lowest level of USD 1.960. The next resistance is USD 2,120.
A clear movement above the resistance worth $ 2.120 may send a price up to USD 2.180. Any profits can send a price towards a resistance of USD 2,2350, and even USD 2.40 in the near future. Another sedate obstacle to Bulls can be $ 2.50.
Another drop?
If XRP does not pristine the resistance zone of USD 2.10, it may start another decrease. Initial support is close to USD 2.00. Another sedate support is close to USD 1.960.
If there is a break in the minus and closing below USD 1.960, the price may continue to fall towards the support of $ 1.920. Another gigantic support is located near the $ 1.90 zone.
Technical indicators
MacD – MacD for XRP/USD now loses the pace in the bear zone.
RSI hours (relative strength indicator) – RSI for XRP/USD is now above level 50.
Main support levels – USD 2.00 and USD 1,960.
Main resistance levels – USD 2.10 and USD 2,120.
