🔄 XRP Tightens in Range — Will Stubborn Resistance Block the Breakout? 🧱📉
A negative reversal began below $3.120 for XRP. The price is trying to rebound and may break $3.1650.
XRP is trying to rise from $3.00.
The price is below $3.180 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance around $3.150.
If it remains over $3.00, the pair may rise again.
XRP Price Looking Up
Unlike Bitcoin and Ethereum, XRP fell below $3.20. Price fell below $3.120 and $3.080 support.
Bears drove the price below $3.020. Finally, bulls arrived near $3.00. Price is trying to rebound from a $2.999 low. Prices rose over $3.050 and $3.080.
The price broke the 23.6% Fib retracement barrier of the $3.330 swing high to $2.999 low decline. The price is below $3.150 and the 100-hour SMA. On the hourly XRP/USD chart, a negative trend line with resistance around $3.150 is formed.
Price may find resistance at $3.150 on the upside. First significant resistance is around $3.1650. A clean break over $3.1650 might push the price above $3.20. More advances might push the price beyond $3.250 or $3.30. Near $3.350, bulls may face their next significant challenge.
Another Drop?
XRP may fall again if it fails to break $3.1650. Initial downside support is $3.080. Near $3.00 is the next important support.
A bearish break and closing below $3.00 might push the price below $2.920. Bulls may mount a stand at $2.850, the next significant support.
Tech Indicators
Hourly MACD on XRP/USD is falling in the negative zone.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $3.080, $3.00.
Key Resistance Levels: $3.1650, $3.20.
