This article is also available in Spanish The XRP price was supported around USD 1.90. The price has recovered losses and bulls may soon target a move above the USD 2. Xrp
The pair could start a new rally if it breaks the $2.36 resistance. The #XRP price continues to move below $2.30, just like #Bitcoin and Ethereum; there have been moves below $2.20 and $2.050. The price has even moved below the $2.00 support level. A low was formed at $1,898 and now price has corrected some losses. The price has broken above the 50 percent retracement level from the $2.64 high to the $1,898 low. The pair also broke above the bearish trendline with resistance at $2.22 on the hourly chart of the XRP/USD pair. The pair also moved above the 61.
8% retracement level of the 61.8% retracement of the fib down from the $2.64 high to the $1.898 low. However, below $2.40, bearish activity persists. Prices are currently trading below the 100-hour simple moving average at $2,320. On the upside, price could face resistance near $2.36. The first major resistance is near the $2.40 level. The next resistance is at the $2.475 level; a clear break above the $2.4750 level could take price to the $2.550 level. Further upside could take price to resistance at $2.650 or even $2.720 in the short term. The next major hurdle for the bulls could be the $2.880 level. Further decline. If XRP fails to overcome the $2.360 resistance zone, a new decline could begin. Initial support for the decline is near the $2.150 level. The next major support is around the $2.050 level. If the price breaks down and closes below $2.050, it could continue to fall towards the $1.880 support level. The next major support is around the USD 1.750 area. Hourly MACD - The MACD for XRP/USD is currently losing momentum in the bullish zone.
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