The price of XRP has started the consolidation phase from the $ 3.20 resistance zone. The price is now consolidating profits and may strive for more benefits above the zone 3.20 USD.
- The price of XRP has started a downward correction from the USD 3.220 zone.
- The price is currently trading above USD 3,050, and a 100-hour elementary movable average.
- There was a break over a stubborn flagship pattern with a resistance of USD 3.10 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The couple can start a recent growth if they remove the $ 3.20 resistance zone.
Xrp price eyes fresh profits
The price of XRP has started a recent raise above the zone worth $ 2.950, exceeding Bitcoin and Ethereum. The price increased above the resistance levels 2.95 and USD 3.00.
The amount was created at USD 3.214, and the price has recently obtained some profits. Except for USD 3.10. The price has dropped in the direction of 50% of the FIB wave recovery level from USD 2,6560 at a low level up to USD 3.214.
However, the bulls were lively nearly USD 3.00 and exceeded the higher price. Above a stubborn flagship pattern formed with a resistance of $ 3.10 on the hourly chart of the XRP/USD pair.
The price is currently trading above USD 3,050, and a 100-hour elementary movable average. On the other hand, the price may encounter resistance near the level of USD 3.150. The first high resistance is close to USD 3.20. The next resistance is USD 3,220.
A clear movement above the resistance of $ 3.220 can send a price up to the resistance of USD 3.320. Any profits can send a price towards a resistance of USD 3.380, and even USD 3,420 in the near future. Another grave obstacle to Bulls can be 3.50 USD.
Another drop?
If XRP does not immaculate the resistance zone of USD 3.150, it may start another decrease. Initial support is close to USD 3.00. Another grave support is located near USD 2,950.
If there is a break in the minus and closing below USD 2,950, the price may continue to decrease towards the support of USD 2.860 or the level of withdrawal of FIBs in the amount of 61.8% from the wave up from a swing with a swing worth $ 2,6560 to the highest level with a height of 3.214 USD. Another immense 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 2,950.
Main resistance levels – USD 3,150 and USD 3.20.
