XRP Price Falls: Key Support Levels Threatened

A negative reversal began below $2.20 for XRP. The price is falling and may reach $2.020.

A new fall below $2.20 began for XRP.

The price is below $2.180 and the 100-hour SMA.

On the hourly XRP/USD chart, a negative trend line with resistance around $2.1750 is formed.

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

XRP Falls More

XRP, like Bitcoin and Ethereum, corrected below $2.25. Price fell below $2.20 and $2.180 support.

Bears drove the price below $2.120. After a low of $2.095, the price is consolidating losses. It is below the 23.6% Fib retracement level of the $2.2579 swing high to $2.095 low decline.

The price is below $2.180 and the 100-hour SMA. Additionally, the hourly XRP/USD chart shows a negative trend line with resistance around $2.1750.

Price may find resistance at $2.1320 on the upside. The first big barrier is approaching $2.1750, the 50% Fib retracement level of the $2.2579 swing high to $2.095 low decline.

The next hurdle is $2.1950. A clean break above $2.1950 might push the market above $2.220. More advances might push the price toward $2.250 or $2.30. The bulls may face $2.320 next.

More Losses?
XRP may fall again if it fails to break $2.1750. Initial downside support is $2.10. Near $2.080 is the next important support.

If the price breaks down and closes below $2.080, it may fall toward $2.050. Near $2.020 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.

Two major support levels: $2.10 and $2.080.

Key Resistance Levels: $2.1320, $2.1950.

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