XRP Nears Resistance, Setting Up a Make-or-Break Moment
XRP fell below $2.10. The price is trying to rise again and encounters obstacles at $2.10.
A new fall began below $2.120 for XRP. The price is below $2.120 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance at $2.10.
The pair may fall if it lingers below $2.120. XRP Tries Recovery
Like Bitcoin and Ethereum, XRP fell below $2.20. Price fell below $2.150 and $2.120 into a short-term bearish zone.
Spiked below $2.050. After a low of $2.034, the price is trying to rebound. The price rose over $2.080, but it held below the 23.6% Fib retracement level of the decline from $2.415 swing high to $2.034 low.
The price is below $2.120 and the 100-hour SMA. Price may find resistance at $2.10 if it rises again. On the hourly XRP/USD chart, a negative trend line with resistance at $2.10 is forming.
Near $2.120 is the first big resistance. A closing above $2.120 might take the price to $2.220, the 50% Fib retracement level of the decline from $2.415 swing high to $2.034 low.
The next obstacle is $2.320. A clean break over $2.320 might push the market above $2.350. More advances might push price toward $2.3850 barrier. The bulls may face a severe test at $2.40.
Another Fall? If XRP fails to break $2.120, it might fall again. Initial downward support is about $2.050. Near $2.020 is the next important support.
If the price breaks down and closes below $2.020, it may fall near $2.00. Next key support is at $1.9650, below which the price might fall to $1.880.
