$XRP
Bull Run Targets $10 Milestone
XRP fought above $3.25. The price is correcting gains and may see bids around $3.00.
XRP began a bearish drop around $3.250.
The price is below $3.150 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to $3.10 barrier.
If it remains over $3.00, the pair may rise again.
XRP Drops For Support
XRP price rose off the $3.050 support zone, although not as much as Bitcoin. The price broke $3.150 before bears emerged.
The price reversed all gains after reaching $3.25. The price is stabilizing below the 23.6% Fib retracement line of the bearish move from the $3.285 swing high to the $3.035 low.
The price is below $3.15 and the 100-hour SMA. Price may find resistance at $3.10 on the upside. On the hourly XRP/USD chart, a negative trend line connects to $3.10 barrier.
The first big barrier is $3.160, the 50% Fib retracement level of the decline from the $3.285 swing high to the $3.035 low. The next hurdle is $3.20.
A clean break over $3.20 might push the market above $3.250. More advances might push the price toward $3.350 or $3.3650. The bulls may face $3.450 next.
More Losses?
XRP may fall again if it fails to break $3.10 barrier. Around $3.050 is first downward support. Near $3.00 is the next important support.
A bearish break and closing below $3.00 might push the price near $2.880. Near $2.750 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: $3.050, $3.00.
Major resistance levels: $3.10, $3.20.
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