The price of XRP has started a new decrease less than the $ 2.080 region. The price now regains some losses and may face obstacles near the level of $ 2.150.
- The price of XRP started a new decrease after failing to wipe the resistance area of $ 2.20.
- The price is now trading less than $ 2.120 and the simple moving average is 100 hours.
- There is a declining directional line connected to resistance at $ 2.10 on the XRP/USD (data source from Kraken).
- The pair may extend the losses if it fails to scan the resistance area of $ 2,150.
The XRP price faces resistance
The XRP price failed to continue higher than the resistance area of $ 2.20 and interact with the negative side, such as Bitcoin and ethereum. The price decreased lower than 2.150 dollars and $ 2.10.
The pair fell to less than the $ 2.050 region. A decrease has been formed at $ 2.023 and the prices are now trying to recover. There was a step higher than 2.050 dollars. The price scanned the FIB decline level by 23.6 % of the last decline of the alternative of $ 2.215 to the lowest level at $ 2.023.
The price is now trading less than $ 2.120 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the 2.10 dollar level. There is also a declining trend line that is formed with resistance at $ 2.10 on the XRP/USD chart. The trend line near the REERRERMENT level is 50 % of the last decline of the 2.215 alternative to the lowest level at $ 2.023.
The first large resistance approaches the level of $ 2.150. The following resistance is $ 2.1680. It may send a clear step higher than 2.1680 dollars. The price is 2.20 dollars. Any other gains may send the price towards $ 2.220 or even $ 2.250 in the short term. The next main obstacle may be 2.2880 dollars.
Another retreat?
If XRP fails to scan the resistance area of $ 2.120, it may start another decrease. Initial support on the downside is near the 2.050 dollar level. The next main support is near the 2.020 dollar level.
If there is a break on the downside and close to the level of $ 2.020, the price may continue to drop towards $ 2.00. The next main support sits near the $ 1.880 region.
Technical indicators
MACD Hour – MacD is now losing XRP/USD and pace in the Habboudia area.
RSI clock (RSI) RSI for XRP/USD is now higher than 50 level.
Main support levels – $ 2.050 and $ 2.020.
Main resistance levels – $ 2.120 and $ 2.150.
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