XRP Price Consolidation Deepens – Resistance Still Capping Upside

XRP Price Consolidation Deepens – Resistance Still Capping Upside


XRP price started a downside correction below the $3.120 zone. The price is now attempting a recovery and might aim for a move above the $3.1650 level.

XRP price is attempting to start a fresh increase from the $3.00 zone. The price is now trading below $3.180 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.00 zone. XRP Price Eyes Upside Break

XRP price started a fresh decline below the $3.20 zone, unlike Bitcoin and Ethereum. The price declined below the $3.120 and $3.080 support levels.

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