📉 XRP Slides Through Support — Is a Bigger Drop Brewing?

A new fall below $2.20 began for XRP. The price is consolidating losses and may go below $2.150.

A new fall below $2.20 began for XRP.

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

XRP/USD broke below a crucial bullish trend line with support around $2.180 on the hourly chart.

If it breaks $2.120, the pair may fall again.

XRP Falls Again

Bitcoin and Ethereum fell after XRP failed to get beyond $2.280. Price fell below $2.250 and $2.220 support.

Additionally, the hourly XRP/USD chart broke below a crucial bullish trend line with support around $2.180. Pair tried $2.150 support The price hit a low at $2.1425 and is consolidating losses below the 23.6% Fib retracement level of the latest slide from the $2.335 swing high to the $2.145 low.

The price is below $2.220 and the 100-hour SMA. Price may find resistance at $2.1880 on the upside. Near $2.20 is the first substantial resistance.

Next barrier is $2.240, the 50% Fib retracement of the latest slide from the $2.335 swing high to the $2.145 low. A clean break over $2.240 might push the market above $2.280. More advances might push the price toward $2.320 or $2.350. The bulls may face $2.40 next.

More Losses?
XRP may fall again if it fails to break $2.220. Around $2.150 is first downward support. Near $2.120 is the next key support.

A bearish break and closing below $2.120 might push the stock below $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.

Major Support Levels: $2.150, $2.120.

Two major resistance levels: $2.20 and $2.220.

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