XRP price has started a new decrease less than $ 2.050. The price is now unified and may face obstacles near the level of $ 2.10.
- XRP price has started a new decrease less than $ 2.120 and $ 2.050.
- The price is now trading less than $ 2.10 and the simple moving average is 100 hours.
- There is a short -term decline channel that is formed with resistance at $ 2.0680 on the XRP/USD (data source from Kraken).
- The pair may extend the losses if it fails to scan the resistance area of $ 2.10.
The XRP price tries to recover
The price of XRP has spanned lower support than 2.050 dollars, such as Bitcoin and Ethereum. The price decreased lower than support levels of $ 2.00 and $ 1.980. A decrease has been formed at $ 1.960 and the price tries to recover wave.
There was a step higher than $ 2.00 and $ 2.020. The price exceeds the RERECTION level 23.6 % of the declining move from the 2.235 dollar swing to a level less than $ 1.960. However, the bears are active less than the resistance area of $ 2.10.
The price is now trading less than $ 2.10 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the 2.070 dollar level. There is also a short -term decline channel formed with resistance at $ 2.0680 on the XRP/USD chart.
The first large resistance approaches the level of $ 2.10. It is near RERRERRERERNED level 50 % of the declining move from the 2.235 dollar swing to a decrease of $ 1.960. The following resistance is $ 2.120.
It may send a clear step over $ 2.120 resistance, the price is about $ 2.180 resistance. Any other gains may send the price to resist $ 2.2350 or even $ 2.40 in the short term. The next main obstacle may be 2.50 dollars.
Another retreat?
If XRP fails to scan the resistance area of $ 2.10, it may start to decrease. Initial support on the downside is near the 2.00 dollar level. The next main support is near the level of $ 1.960.
If there is a break on the downside and close to the level of $ 1.960, the price may continue to drop towards $ 1.920. The next main support sits near the $ 1.90 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 – $ 2.00 and $ 1.960.
Main resistance levels – $ 2.10 and $ 2.120.
