XRP Price Under Pressure—Can It Survive This Support Test?

XRP Price Under Pressure—Can It Survive This Support Test?


XRP price started a fresh decline below $2.10. The price is now struggling and faces resistance near the $2.050 pivot level.

XRP price started a fresh decline below the $2.040 zone. The price is now trading below $2.020 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Dips Again

XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.10 and $2.050.

Trending: Man plunges to his death during pickleball match in ‘tragic incident’

There was a move below the $2.00 support level. A low was formed

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!