XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone.
XRP price started a fresh decline below the $2.620 level.
The price is now trading below $2.60 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $2.5650 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might start a fresh increase if it clears the $2.60 resistance zone.
XRP Price Dips To Support
XRP price attempted to gain pace for a move above the $2.750 level. However, the bears remained active and the price started a fresh decline below the $2.650 support, like Bitcoin.
The price even dipped below $2.60 and tested the $2.50 support. A low was formed at $2.508 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low.
The price is now trading
We współpracy z: https://www.newsbtc.com/analysis/xrp/xrp-price-nears-key-support-2-50/
