Ready for the Next Move? $XRP Price Holds Above Support


The #XRP price ranged below $2.50. The price is stabilizing over $2.150 and may rise beyond $2.40.

XRP fell below $2.40 again.
The price is below $2.40 and the 100-hour SMA.

On the hourly XRP/USD chart, a negative trend line with resistance at $2.38 is formed.

If $2.40 barrier is broken, the pair may rise again.
XRP Consolidates Above Support

XRP fell again after failing to break the $2.50 resistance zone, unlike Bitcoin and Ethereum. It fell below $2.40 and $2.30.

Bulls stayed above the recent low and $2.15 support. Price is rising over $2.20. It is challenging the 23.6% Fib retracement of the latest slide from $2.866 swing high to $2.166 low.

The price is below $2.40 and the 100-hour SMA. Price may find resistance at $2.35 on the upside. On the hourly XRP/USD chart, a negative trend line with resistance at $2.38 is formed.

Near $2.40 is the first big resistance. Next resistance is $2.50. It is around the 50% Fib retracement level of the latest dip from $2.866 swing high to $2.166 low.

A clean break over $2.50 might push the price above $2.650. More advances might push the price toward $2.70 or $2.850. $3.00 may be the bulls' next challenge.

Another Fall?

XRP may fall again if it fails to break $2.380. Near $2.200 is first downside support. Near $2.150 is the next key support.

A downward break and closing below $2.150 might push the stock below the $2.050 support and trend line. Near $2.00 is the next important 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: $2.2000, $2.1500.

Major resistance levels: $2.3800, $2.5000.

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