The price of XRP acquires a lower pace of resistance area 3.150 dollars. The price is struggling near $ 3.00 and remains at risk of losses.
- The price of XRP decreases below 3.20 dollars and $ 3.150.
- The price is now trading less than $ 3.120 and the simple moving average is 100 hours.
- There is a declining trend line that is formed with resistance at $ 3.060 on the XRP/USD (data source from Kraken).
- The husband can restore the bullish momentum if he wipes the area of $ 3.10.
XRP price has decreased more
Try the price of XRP more gains over a $ 3.250 area, such as Bitcoin and Ethereum. The price failed to extend the gains and began to correct the negative side below the 3.150 dollar level.
The pair fell from support levels $ 3.120 and $ 3.10. Finally, the support zone tested $ 3.00. A decrease has been formed at 2.971 dollars, and the price now shows less declining signs than the re -modification level 23.6 % of the transition to the bottom of the alternative of $ 3.350 to $ 2.97.
The price is now trading to less than $ 3.050 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the 3.020 dollar level. The first main resistance approaches the level of $ 3.050. There is also a declining trend line that is formed with resistance at $ 3.060 on the XRP/USD.
You may send a clear step over $ 3.060 resistance, the price is about $ 3.120. Any other gains may send the price towards resisting $ 3.150 or the level of FIB re -imitation by 50 % of the declining movement of the alternative of $ 3.350 to the lowest level in $ 2.97. The next main obstacle may be the bulls near $ 3.20.
More losses?
If XRP fails to scan the resistance area of $ 3.050, a new decrease may start. Initial support on the negative side is near the 2.9650 dollar level. The next main support is near the level of $ 2.920.
If there is a break on the downside and close to the level of $ 2,920, the price may continue to drop towards $ 2.850. The next main support sits near the $ 2.80 region, below may be a greater decrease.
Technical indicators
Every MACD Watch – MacD is now acquired for XRP/USD now in the Habboudia.
RSI clock (RSI) RSI for XRP/USD is now less than 50.
Main support levels – $ 2.920 and $ 2.850.
Main resistance levels – $ 3.050 and $ 3.150.
The post XRP Bears Push Lower, Can Bulls Maintain Control Near $3? first appeared on Investorempires.com.
