The XRP price has started significantly decreasing than the $ 3.00 zone. The price exceeded 25 %, more spikes than the $ 2.00 support zone.
- The XRP price has begun a new decrease below the $ 2.80 and $ 2.50.
- The price is currently below $ 2.60, trading a simple moving average of 100 hours.
- There is a bearish trend line that is connected to the CRP/USD pair (Kraken's data source) time, which forms a resistance of $ 2.45.
- Pairs can start a new increase if you clear a $ 2.50 resistance zone.
XRP price eyes recovery
The XRP price has fallen from the $ 3.00 zone, including bitcoin and Ethereum. The price has dropped significantly to the $ 2.50 and $ 2.50 support level. The bear pushed it below $ 2.00.
There was a rapid decline of more than 25 %, and the price was $ 1.75 zone. The minimum value is formed for $ 1.75, and the price is currently modified some losses. There was a movement exceeding the level of $ 2.00. The price exceeded the 23.6 % FIB retracement level from $ 3.155 Swing High to 1.750 low.
The price is currently below $ 2.750, trading a simple movement average of 100 hours. The advantage is that the price may face a resistance of nearly $ 2.30. The first major resistance is close to $ 2.40.
The next resistance is $ 2.450. In addition, there is also a resistance to the XRP/USD pair of each hour of charts, resistance, and a resistance to connect. This is close to a 50 % FIB retribution level of downward movement from 3.155 swing high to 1.750 low.
A clear movement exceeding the $ 2.450 resistance may turn the price to $ 2.50 resistance. More profits may send the price to $ 2.650 resistance or to $ 2.720 in the short term. The next main hurdle of Bulls may be $ 3.00.
Another decline?
If XRP cannot clear the $ 2.40 resistance zone, another decrease may start. The first support of the drawback is close to $ 2.10. The next main support is close to $ 2.00.
If there is a drawing break and a closer 2.00 -level close, the price may continue to decrease toward the $ 1.850 support. The following main support is near the $ 1.750 zone.
Technical index
HOURLY MACD -XRP/USD MACD is raised in a bearish zone.
Hourly RSI (relative strength index) -XRP/USD RSI is below 50 levels.
Main support level -$ 2.10 and $ 2.00.
Main resistance level -$ 2.40 and $ 2.50.
