XRP price keeps ground, but can bulls push the momentum higher? – Bitrss – Crypto World News

XRP ($ 2.99) Price is above $ 2,920 support zone. The price is now consolidating and can soon try a movement above the $ 3,050 resistance.

• XRP -Price shows Beerarish signs under the resistance of $ 3,080.
• The price is now traded near $ 2,980 and the 100-hour simple advancing average.
• There was a break under a key contraction -triangle with support for $ 3,020 on the hour table of the XRP/USD pair (data source of Kraken).
• The couple can continue to fall if it stays under the $ 3.10 zone.

XRP -Price starts consolidation

XRP price started a narrow correction from $ 3,0850, such as Bitcoin and Ethereum. The price that was traded under the levels of $ 3,050 and $ 3,000.

The price fell under the 23.6% FIB retraction level of the upward movement of the $ 2,824 swing low to the $ 3,080 high. By the way, there was a break under an important contract triangle with support for $ 3,020 on the hour table of the XRP/USD pair.

The price found support near the $ 2,950 zone. It seems that the bulls protect the FIB racement level of 50% of the upward movement of the $ 2,824 Swing Low to the $ 3,080 high. The price is now traded near $ 2,980 and the 100-hour simple advancing average. If the bulls remain in action, the price can try a new increase.

At the top the price can face the resistance near the level of $ 3,020. The first major resistance is near the level of $ 3,080. A clear movement above the $ 3,080 resistance can send the price to $ 3,120 resistance. More profits can send the price to the $ 3,150 resistance. The next big obstacle for the bulls is perhaps almost $ 3.20.

Another decline?

If XRP did not know the $ 3,080 resistance zone, this can start a new decline. The first support on the disadvantage is near the level of $ 2,950. The next major support is close to the level of $ 2,9220.

If there is a narrow break and a closure below the level of $ 2,9220, the price can continue to fall to $ 2,840. The next major support is near the $ 2,780 zone, including the Price Bearish Momentum.

Technical indicators

MACD per hour – The MACD for XRP/USD now loses pace in the bearish zone.

Picly RSI (relative strength -index) -The RSI for XRP/USD is now below the 50 -level level.

Important support levels – $ 2,920 and $ 2,840.

Important resistance levels – $ 3,080 and $ 3,120.