XRP Price Remains in Danger Zone – Is a Bigger Crash Coming?

XRP price is struggling to recover above the $2.850 ￰0￱ price is now moving lower and might start another decline below $2.750. XRP price is facing hurdles and struggling to recover above the $2.850 ￰1￱ price is now trading below $2.820 and the 100-hourly Simple Moving ￰2￱ is a connecting bearish trend line forming with resistance at $2.8180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $2.850 ￰3￱ Price Faces Hurdles XRP price managed to stay above the $2.70 level and started a recovery wave, like Bitcoin and ￰4￱ price climbed above the $2.75 and $2.80 resistance levels.

However, the price seems to be struggling to settle above the $2.850 resistance zone. Recently, there was a fresh bearish reaction below the $2.820 ￰5￱ price dipped below the 50% Fib retracement level of the upward move from the $2.70 swing low to the $2.887 ￰6￱ price is now trading below $2.820 and the 100-hourly Simple Moving ￰7￱ the bulls protect the $2.780 support, the price could attempt another ￰8￱ the upside, the price might face resistance near the $2.820 ￰9￱ is also a connecting bearish trend line forming with resistance at $2.8180 on the hourly chart of the XRP/USD ￰10￱ first major resistance is near the $2.850 level. A clear move above the $2.850 resistance might send the price toward the $2.880 ￰11￱ more gains might send the price toward the $3.00 ￰12￱ next major hurdle for the bulls might be near $3.050.

More Losses? If XRP fails to clear the $2.820 resistance zone, it could continue to move ￰13￱ support on the downside is near the $2.780 level or the 61.8% Fib retracement level of the upward move from the $2.70 swing low to the $2.887 ￰14￱ next major support is near the $2.744 ￰15￱ there is a downside break and a close below the $2.744 level, the price might continue to decline toward $2.70. The next major support sits near the $2.650 zone, below which the price could gain bearish ￰16￱ Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish ￰17￱ RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 ￰18￱ Support Levels – $2.780 and $2.70.

Major Resistance Levels – $2.850 and $2.880.