The price of XRP has started a new increase over the resistance area of $ 2.220. The price is now uniformous and may aim to move higher than $ 2.250 resistance.
- The price of XRP has started a new increase over the $ 2.220 region.
- The price is now trading over $ 2.220 and the simple moving average is 100 hours.
- There is a major boarding line with support at $ 2.185 on the XRP/USD (data source from Kraken).
- The husband may start another increase if he wipes the resistance area of $ 2.250.
XRP price carries support
The price of XRP remained stable over $ 2.050 support and started a decent escalating step, overcoming bitcoin and ethereum. There was a step higher than $ 0.2150 and $ 0.20.
The bulls were able to wipe the resistance area of $ 2.25. A height has been formed at $ 2.2816 and the price is now correcting the gains. The price decreased below the level of $ 2.25 and the REERREMERESE level of Les 50 % of the upward move from the oscillation decrease of $ 2.137 to an increase of $ 2.2816.
The price is now trading over $ 2.20 and the simple moving average is 100 hours. There is also a large upward trend line that is formed with support at $ 2.185 on the XRP/USD. It is near the level of FIB re -declining by 61.8 % of the bullish transition from an increase of $ 2.137 to an increase of $ 2.2816.
On the upper side, the price may face resistance near the level of $ 2.2320. The first main resistance approaches the level of $ 2.250. The following resistance is $ 2.2850. You may send a clear step over 2.2850 dollars, the price is about $ 2.320. Any other gains may send the price to resist $ 2.350 or even $ 2.380 in the short term. The next main obstacle may be 2.40 dollars.
The negative side break?
If XRP fails to scan the resistance area of $ 2.25, it may start another decrease. Initial support on the downside is near the 2.20 dollar level. The next main support is near the level of $ 2.1850.
If there is a break on the downside and close to the level of $ 2.1850, the price may continue to drop towards $ 2.150. The next main support sits near the $ 2.120 region.
Technical indicators
MACD clock – MacD is now losing XRP/USD and pace in the upscale area.
RSI clock (RSI) RSI for XRP/USD is now less than 50.
Main support levels – $ 2.20 and $ 2.1850.
Main resistance levels – $ 2.250 and $ 2.30.
