Bulls Pause or Done? XRP Price Momentum Stalls

XRP began a bearish drop at $2.25. Price consolidation and $2.20 barriers are ahead.

Once again, XRP fell from $2.250.

The price is below $2.20 and the 100-hour SMA.

The hourly XRP/USD chart shows a new connecting negative trend line with resistance around $2.1950.

If it closes above $2.20 barrier, the pair may rise again.

XRP Falls Again

XRP fell like Bitcoin and Ethereum after failing to stay above $2.25. Price fell below $2.220 and $2.20 supports.

The $2.1320 zone was tested. The price is consolidating losses after a $2.132 low. The 23.6% Fib retracement level of the decline from $2.2579 swing high to $2.1320 low is close it. The hourly XRP/USD chart shows a new connecting negative trend line with resistance around $2.1950.

The price is below $2.20 and the 100-hour SMA. The price may find resistance at $2.1780 on the upside. The first big barrier is $2.20, the 50% Fib retracement level of the decline from $2.2579 swing high to $2.1320 low.

Next resistance is $2.220. A clean break over $2.220 might push the market above $2.250. More advances might push the price toward $2.320 or $2.350. The bulls may face $2.50 next.

More Losses?

XRP may fall again if it fails to break $2.20. Initial downward support is about $2.1380. Near $2.1320 is the next important support.

If the price breaks down and closes below $2.1320, it may fall near $2.080. Near $2.050 is the next important support.

Tech Indicators

The hourly MACD for XRP/USD is moving bearishly.

Relative Strength Index hourly XRP/USD RSI is below 50.

Major Support Levels: $2.1320, $2.080.

Major resistance levels: $2.20, $2.250.

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