🛡️ XRP Hangs by a Thread — Will Support Hold or Crumble Under Pressure?
Below $2.150, XRP fell again. The price is consolidating losses and may rebound until bears drive it below $2.120.
A new fall began below $2.180 for XRP.
The price is below $2.20 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance around $2.1550 on the hourly chart.
If it closes over $2.20, the pair may rebound.
XRP Maintains Support
Like Bitcoin and Ethereum, XRP fell below $2.220. Price fell below $2.20 and $2.180 support.
Pair tried $2.120 support After a low of $2.120, the price is consolidating losses. There was a small rise over the 23.6% Fib retracement level of the latest slide from $2.335 swing high to $2.120 low.
Additionally, the hourly XRP/USD chart broke above a negative trend line with resistance around $2.1550. The price is below $2.20 and the 100-hour SMA.
Price may find resistance at $2.180 on the upside. Near $2.20 is the first substantial resistance. Next resistance is $2.2250, the 50% Fib retracement of the latest slide from $2.335 swing high to $2.120 low.
A clean break over $2.2250 might push the price above $2.2540. More advances might push the price toward $2.280 or $2.30. $2.350 may be the bulls' next challenge.
Another Fall?
XRP may fall again if it fails to break $ETH 2.20. Initial downside support is $2.1420. Near $2.120 is the next key support.
A bearish break and closing below $2.120 might push the stock below $2.050. Near $2.020 is the next important support.
Tech Indicators
Hourly MACD on XRP/USD is falling in the negative zone.
Hourly RSI (Relative Strength Index): XRP/USD is at 50.
Major Support Levels: $2.1420, $2.120.
Two major resistance levels: $2.180 and $2.20.
