XRP Price Slips After Rally — Bulls Still in Play or Fading Fast?
XRP Price Corrects Gains
XRP price started a decent upward wave above the $2.10 and $2.120 resistance levels, like Bitcoin and Ethereum. The price traded above the $2.20 and $2.220 levels to start a decent increase.
The bulls even pushed the price above $2.250 before the bears appeared. A high was formed at $2.299 and the price started a downside correction. There was a move below the $2.220 and $2.2120 support levels. The price even traded below the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.299 high.
XRP price started a fresh increase above the $2.220 zone. The price is now correcting gains and might find bids near the $2.150 support zone.
XRP price started a fresh increase above the $2.20 zone.
The price is now trading above $2.20 and the 100-hourly Simple Moving Average.
There was a break below a connecting bullish trend line with support at $2.220 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might correct lower and test the $2.150 support zone.