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A negative reversal began below $2.480 for $XRP . The price is consolidating and may fall below $2.320.
Below $2.520, XRP fell again.
The price is below $2.480 and the 100-hour SMA.
On the hourly XRP/USD chart, a positive trend line connects to support at $2.3550.
If it remains over $2.350, the pair may rise again.
XRP Falls Again
XRP tried to rise over $2.350 like Bitcoin and Ethereum. However, bears were active at $2.450. After reaching $2.4495, the price is falling.
Price fell below $2.40 support. The price fell below the 50% Fib retracement line of the $2.299 swing low to $2.449 high upward advance. However, bulls are at $2.350 support.
On the hourly XRP/USD chart, a positive trend line connects to support at $2.3550. The trend line is at the 61.8% Fib retracement level of the $2.299 swing low to $2.449 high upward advance.
The price is below $2.40 and the 100-hour SMA. Price may find resistance at $2.40 on the upside. Near $2.450 is the first big resistance.
The $2.50 resistance follows. A clean break over $2.50 might push the price near $2.60. More advances might push the price toward $2.650 or $2.680. $2.80 may be the bulls' next challenge.
More Losses?
XRP may fall again if it fails to break $2.450. The downside has first support at $2.3550. Near $2.320 is the next important support.
A downward break and closing below $2.320 might push the price near $2.20. Near $2.120 is the next key support.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $2.350, $2.320.
Two major resistance levels: $2.40 and $2.450.