XRP price started a downside correction from the $1.5050 zone. The price is 
now consolidating and might aim for another increase if it stays above the 
$1.4450 zone. XRP price started a downside correction after it failed to stay 
above the $1.50 zone. The price is now trading above $1.4450 and the 
100-hourly Simple Moving Average. There is a bullish trend line forming with 
support at $1.4450 on the hourly chart of the XRP/USD pair (data source from 
Kraken). The pair could start a fresh increase if it settles above $1.480. XRP 
Price Holds Key Support XRP price started a decent upward move above $1.4350 
and $1.4550, outperforming Bitcoin and Ethereum. The price gained pace for a 
clear move above the $1.480 resistance. A high was formed at $1.5074, and the 
price started a downside correction. There was a move below $1.4750 and 
$1.4650. The price dipped below the 38.2% Fib retracement level of the upward 
move from the $1.3785 swing low to the $1.5074 high. The price is now trading 
above $1.4450 and the 100-hourly Simple Moving Average. There is also a 
bullish trend line forming with support at $1.4450 on the hourly chart of the 
XRP/USD pair. If there is a fresh upward move, the price might face resistance 
near the $1.4720 level. The first major resistance is near the $1.480 level, 
above which the price could rise and test $1.4880. A clear move above the 
$1.4880 resistance might send the price toward the $1.50 resistance. Any more 
gains might send the price toward the $1.520 resistance. The next major hurdle 
for the bulls might be near $1.550. Downside Continuation? If XRP fails to 
clear the $1.4720 resistance zone, it could start a fresh decline. Initial 
support on the downside is near the $1.4450 level. The next major support is 
near the $1.4430 level and the trend line or the 50% Fib retracement level of 
the upward move from the $1.3785 swing low to the $1.5074 high. If there is a 
downside break and a close below the $1.4430 level, the price might continue 
to decline toward $1.4280. The next major support sits near the $1.4280 zone, 
below which the price could continue lower toward $1.4120. Any more losses 
might call for a test of $1.4050. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support 
Levels – $1.4450 and $1.4280. Major Resistance Levels – $1.4720 and $1.4880.

XRP Price Stays Firm Above $1.45, Upside Momentum Remains Strong

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Ethereum price started a downside correction from $2,380. ETH is now showing a 
few bearish signs and might decline further if it trades below $2,300. 
Ethereum started a downside correction below the $2,360 zone. The price is 
trading below $2,350 and the 100-hourly Simple Moving Average. There was a 
break below a bullish trend line with support at $2,340 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could continue to move down if it 
stays below the $2,350 zone. Ethereum Price Dips Again Ethereum price failed 
to stay above the $2,365 zone and extended its decline, like Bitcoin. ETH 
price gained pace for a move below the $2,350 and $2,340 levels. There was a 
break below a bullish trend line with support at $2,340 on the hourly chart of 
ETH/USD. The bears pushed the price below the 50% Fib retracement level of the 
upward move from the $2,265 swing low to the $2,382 high. Finally, the bulls 
appeared near $2,300. Ethereum price is now trading below $2,340 and the 
100-hourly Simple Moving Average. If the bulls remain in action above $2,300, 
the price could attempt another increase. Immediate resistance is seen near 
the $2,340 level. The first key resistance is near the $2,365 level. The next 
major resistance is near the $2,380 level. A clear move above the $2,380 
resistance might send the price toward the $2,400 resistance. An upside break 
above the $2,400 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,440 resistance zone or even $2,450 
in the near term. More Downside In ETH? If Ethereum fails to clear the $2,350 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,300 level and the 76.4% Fib retracement level of the upward move 
from the $2,265 swing low to the $2,382 high. The first major support sits 
near the $2,265 zone. A clear move below the $2,265 support might push the 
price toward the $2,220 support. Any more losses might send the price toward 
the $2,200 region. The main support could be $2,150. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $2,300 Major Resistance Level – $2,380

XRP Price Stays Firm Above $1.45, Upside Momentum Remains Strong

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