Might Bears Rule Over? XRP Price Finds Difficulties Retaining Gains

XRP struggles to ascend beyond $2.50. The price is declining and can dip below $2.30.

XRP crashed once again after $2.50.

The SMA spans 100 hours and the price is less than $2.420.

Supported around $2.3650, the hourly XRP/USD chart exhibits a positive trend line.

Should it pass the $2.50 barrier, the duo may climb once more.

XRP Drops Once again.

XRP battled resistance of over $2.50. From $2.52, the price dropped like that of Bitcoin and Ethereum. Prices dropped under $2.45.

The price dropped below the 50% Fib retracing line of the $2.31 swing low to $2.52 high upward surge. Price jumped below $2.40. A bullish trend line with support at $2.3650 forms on the hourly XRP/USD chart.

The price is less than $2.420 and the SMA for 100 hours. At $2.440 on the upside, the price may run into opposition. The first significant opposition comes from close to $2.50.

The second obstacle is $2. 520. A neat break above $2.520 might drive the price close to $2.60. Further developments might drive the price toward either $2.650 or $2.720. Perhaps the bulls' next challenge will be $2.80.

Additional Losses?

Should XRP fail to break $2.50, it may once again decline. From the $2.31 swing low to the $2.52 high, the side support is nearing $2.3620, the 76.4% Fib retracle level. The next crucial support is over $2.2650.

A bearish break and closing below $2.2650 may move the price below $2.140. The second crucial support comes close to $2.050.

Tech Indicators

The optimistic MACD of Hourly MACD - XRP/USD is fading.

Hourly XRP/USD RSI relative strength index is less than 50.

Principal Support Levels: $2.2800, $2.3650.

Principal levels of resistance: $2.50, $2.60.

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