Price Reversal Gains Wiped as Bears Return to XRP
XRP price reversal gains wiped as bears return, with the price now consolidating above the $1.30 zone. The primary keyword price reversal gains wiped bears is a significant concern for investors.
XRP Price Analysis
XRP price started a downside correction from the $1.40 zone, with the price now trading below $1.340 and the 100-hourly Simple Moving Average. A bearish trend line is forming with resistance at $1.3550 on the hourly chart of the XRP/USD pair.
XRP Price Dips Again
XRP price started a decent upward move above $1.350 and $1.3550, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.3650 resistance, with a high formed at $1.3963.
XRP Price Prediction
If there is a fresh upward move, the price might face resistance near the $1.3450 level. The first major resistance is near the $1.3550 level, with a bearish trend line forming with resistance at $1.3550 on the hourly chart of the XRP/USD pair.
XRP Price Resistance
- The price might rise and test $1.3650.
- A clear move above the $1.3650 resistance might send the price toward the $1.3880 resistance.
- Any more gains might send the price toward the $1.40 resistance.
XRP Price Support
If XRP fails to clear the $1.3450 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3220 level, with the next major support near the $1.3180 level or the 76.4% Fib retracement level of the upward move from the $1.2940 swing low to the $1.3963 high.
XRP Price Drop
If there is a downside break and a close below the $1.3180 level, the price might continue to decline toward $1.3110. The next major support sits near the $1.2880 zone, below which the price could continue lower toward $1.2680.
Key Takeaways
- XRP price reversal gains wiped as bears return to the $1.30 zone.
- The price might face resistance near the $1.3450 level.
- A clear move above the $1.3650 resistance might send the price toward the $1.3880 resistance.
- XRP price support is near the $1.3220 level.
Frequently Asked Questions
What is the current XRP price?
The current XRP price is trading below $1.340 and the 100-hourly Simple Moving Average.
What is the next major resistance for XRP?
The next major resistance for XRP is near the $1.3550 level, with a bearish trend line forming with resistance at $1.3550 on the hourly chart of the XRP/USD pair.
