⭐⭐⭐Pressure on XRP Bulls: Key Challenges
Below $0.4250, XRP struggles. The price is consolidating losses and may struggle over $0.450.
XRP fell again after failing to get beyond $0.450.
The price is below $0.4250 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to $0.420 barrier.
The pair may rebound, but only over $0.4350 and $0.450.
Red Zone XRP Price
Like Bitcoin and Ethereum, XRP failed to break $0.450 and fell. Bears seized over and drove the price below $0.4320.
Down below $0.4250 support, the pair fell hard. It fell below the 50% Fib retracement line of the $0.3826 swing low to $0.4498 high. Bulls are defending $0.4050.
Under $0.4250 and the 100-hourly Simple Moving Average. The price faces upward resistance at $0.4160. Near $0.420 is the first big resistance.
On the hourly XRP/USD chart, a negative trend line connects to resistance at $0.420. The next hurdle may be $0.4220. A clean break over $0.4220 might push the market above $0.4380. Near $0.450 is the next big resistance. More advances might push price toward $0.4650 barrier.
More Losses?
XRP may fall again if it fails to break $0.420. Initial downside support is approaching $0.4050, the 61.8% Fib retracement level of the upward run from $0.3826 swing low to $0.4498 high.
The next significant support is $0.40. If the price breaks down and closes below $0.40, it may fall toward $0.3750.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Key Support Levels: $0.4050, $0.400.
Major resistance levels: $0.420, $0.4380.
