The price of XRP started a significant decrease in the region $ 3.00. The price fell more than 25 % and there was a lower increase than the support area of $ 2.00.
- XRP price has started a new decrease from $ 2.80 and $ 2.50.
- The price is now trading less than $ 2.60 and the simple moving average is 100 hours.
- There is a declining directional line connected to resistance at $ 2.45 on the hourly chart for XRP/USD (data source from Kraken).
- The husband may start with a new increase if the resistance area is wiped $ 2.50.
XRP Eye Prices Recovery
The price of XRP has started a new decrease from the $ 3.00 region, such as Bitcoin and Ethereum. The price decreased significantly less than the support levels of $ 2.80 and $ 2.50. Bears even pushed it to less than $ 2.00.
There was a sharp decrease of more than 25 %, and the price was a $ 1.75 test. A decrease has been formed at $ 1.75 and prices are now corrected by some losses. There was a step higher than $ 2.00. The price exceeds the level of RERRERERRERDING by 23.6 % of the transition to the landing from the alternative 3.155 dollars to a level less than $ 1.750.
The price is now trading to less than $ 2.750 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the 2.30 dollar level. The first large resistance approaches the level of $ 2.40.
The following resistance is $ 2.450. There is also a declining trend line that is formed with resistance at $ 2.45 on the XRP/USD chart. It is close to the 50 % REERERREREREREREREREREREREREREREREREREREREREREREREREREREREREREREREREREMERST
You may send a clear step over 2.450 dollars resistance, the price towards the resistance of $ 2.50. Any other gains may send the price to resist $ 2.650 or even $ 2.720 in the short term. The next main obstacle may be 3.00 dollars.
Another retreat?
If XRP fails to scan the resistance area of $ 2.40, it may start another decrease. Initial support on the downside is near the 2.10 dollar level. 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 $ 1.850. The next main support sits near the $ 1.750.
Technical indicators
Every MACD Watch – MacD is now acquired for XRP/USD now in the Habboudia.
RSI Hour (Relative Power Index) – RSI for XRP/USD is now less than 50 level.
Main support levels – $ 2.10 and $ 2.00.
Main resistance levels – $ 2.40 and $ 2.50.
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