The XRP price is pulled: a healthy correction or the beginning of a new dumping tension?
XRP price has started a new increase over $ 2.20 resistance. The price is now correcting the gains and may find offers near the $ 2.050 region.
- XRP price has started a negative correction of the resistance area of $ 2.250.
- The price is now trading less than $ 2.120 and the simple moving average is 100 hours.
- There was a lower break from the upcoming bullish trend line at 2.140 dollars on the watch chart for XRP/USD (data source from Kraken).
- The pair may extend the losses if there is a lower closing of the support area of $ 2.050.
The price of XRP decreased again
XRP price has started a new increase over $ 1.980 resistance, such as Bitcoin and Ethereum. The price rose higher than resistance levels $ 2.020 and $ 2.050.
A height was formed at $ 2.244 and the price recently began negatively. There was a lower step than the support area of $ 2.120. Moreover, there was a lower break than the upcoming upcoming trend line with a price of $ 2.140 on the hourly chart for XRP/USD.
The price increased to less than the RENDRACTION level by 50 % of the bullish transition from the oscillation decrease of $ 1.920 to an increase of $ 2.244. 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 level of $ 2.120. The first large resistance approaches the level of $ 2.180. The following resistance is $ 2.20. It may send a clear step higher than the resistance of $ 2.20 the price towards the resistance of $ 2.250. Any other gains may send the price towards $ 2.320 or even $ 2.350 in the short term. The next main obstacle may be 2.50 dollars.
Another retreat?
If XRP fails to scan the resistance area of $ 2.120, it may start another decrease. Initial support on the negative side is approaching the level of $ 2.050 and the REERERENT 61.8 % level of FIB to move upward from the oscillation decrease of $ 1.920 to $ 2.244. The next main support is near the 2.00 dollar level.
If there is a break on the downside and close to the 2.00 dollar level, the price may continue to drop towards $ 1.920. The next main support sits near the $ 1.840 region.
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 – $ 2.050 and $ 2.00.
Main resistance levels – $ 2.120 and $ 2.180.
