Bears Prepare Another Lower Push and XRP Price Signals Trouble
XRP fell below $1.920. The price is stabilizing and may fall more if it stays below $1.980.
Below $1.920, XRP fell again.
The price is below $1.9250 and the 100-hour SMA.
The hourly XRP/USD chart shows two bearish trend lines with resistance at $1.95 and $2.00.
XRP fell like Bitcoin and Ethereum after failing to remain above $2.00. Price fell below $1.950 and $1.9350 into a short-term negative zone.
Price dropped below $1.920. After hitting $1.90, the price is consolidating losses. Recovery occurred above $1.9120. The price crossed the 23.6% Fib retracement level of the decline from the $1.987 swing high to the $1.90 low, but bears persisted.
The price is below $1.950 and the 100-hour SMA. If there is a new upward advance, the price may encounter resistance between $1.9450 and the 50% Fib retracement level of the bearish move from $1.987 swing high to $1.90 low. The hourly chart shows two negative trend lines with resistance at $1.95 and $2.00.
First big barrier is about $2.00 and the second trend line. Close over $2.00 might drive price to $2.050. The next obstacle is $2.10. A clean break over $2.10 might push the market above $2.120. More advances might push pricing toward $2.150 barrier. The bulls may face a severe test at $2.20.
Downside Break? If XRP fails to break $1.95 barrier, it might fall again. The downside has first support at $1.90. Near $1.870 is the next important support.
If the price breaks down and closes below $1.870, it may fall to $1.8480. The price might fall to $1.7880 below the next key support at $1.820.
