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XRP Price Hits Resistance—Will Bulls Rise or Fall?

At $2.080, XRP gained support and rose. The price is battling to get beyond $2.1650.

XRP began a comeback from $2.080.
The price is below $2.170 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line with resistance around $2.160 is formed.

If it closes over $2.1680 barrier, the pair may rise again.

XRP Recovery May Fade

Like Bitcoin and Ethereum, XRP launched a negative fall below $2.20 and $2.150. Before the bulls emerged, the price fell below $2.120.

Price is repairing losses after a $2.0780 low. Prices rose over $2.10 and $2.120. The price broke the 23.6% Fib retracement barrier of the $2.2579 swing high to $2.078 low decline.

However, bears are active around $2.1650. On the hourly XRP/USD chart, a negative trend line with resistance around $2.160 is formed.

The price is below $2.170 and the 100-hour SMA. Price may find resistance at $2.160 on the upside. The first big barrier is $2.1680, the 50% Fib retracement level of the decline from $2.2579 swing high to $2.078 low.

The next hurdle is $2.20. A clean break over $2.20 might push the market above $2.220. More advances might push the price toward $2.250 or $2.30. The bulls may face $2.320 next.

Another Fall?
XRP may fall again if it fails to break $2.160. Initial downside support is $2.120. Near $2.080 is the next important support.

If the price breaks down and closes below $2.080, it may fall toward $2.050. Near $2.020 is the next important support.

Tech Indicators

Hourly MACD - XRP/USD's bullish MACD is declining.

XRP/USD's hourly RSI is over 50.

Major Support Levels: $2.120, $2.080.

Two major resistance levels: $2.1680 and $2.20.

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