XRP price started a recovery wave above $1.360 and $1.3620. The price is now 
consolidating and might aim for a fresh move if it clears $1.3940. XRP price 
started a recovery wave above the $1.3620 zone. The price is now trading below 
$1.3850 and the 100-hourly Simple Moving Average. There was a break above a 
declining channel with resistance at $1.380 on the hourly chart of the XRP/USD 
pair (data source from Kraken). The pair could continue to move up if it 
settles above $1.3940. XRP Price Eyes Recovery XRP price remained supported 
above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The 
price was able to climb above $1.3550 and $1.360 to enter a short-term 
positive zone. More importantly, there was a break above a declining channel 
with resistance at $1.380 on the hourly chart of the XRP/USD pair. However, 
the bears could be active near the $1.3820 zone and the 23.6% Fib retracement 
level of the downward move from the $1.5495 swing high to the $1.3465 swing 
low. The price is now trading below $1.3850 and the 100-hourly Simple Moving 
Average. If there is a fresh upward move, the price might face resistance near 
the $1.3850 level. The first major resistance is near the $1.3940 level. A 
close above $1.3940 could send the price to $1.420. The next hurdle sits at 
$1.4720 or the 61.8% Fib retracement level of the downward move from the 
$1.5495 swing high to the $1.3465 swing low. A clear move above the $1.4720 
resistance might send the price toward the $1.50 resistance. Any more gains 
might send the price toward the $1.520 resistance. Another Drop? If XRP fails 
to clear the $1.3940 resistance zone, it could start a fresh decline. Initial 
support on the downside is near the $1.3620 level. The next major support is 
near the $1.3550 level. If there is a downside break and a close below the 
$1.3550 level, the price might continue to decline toward $1.3450. The next 
major support sits near the $1.3350 zone, below which the price could continue 
lower toward $1.320. Technical Indicators Hourly MACD – The MACD for XRP/USD 
is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) 
– The RSI for XRP/USD is now above the 50 level. Major Support Levels – 
$1.3620 and $1.3450. Major Resistance Levels – $1.3850 and $1.3940.

XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3940. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There was a break above a &#8230;

XRP Price Rebound Faces Trouble, Downside Pressure Starts Building Again

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XRP Price Rebound Faces Trouble, Downside Pressure Starts Building Again

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