XRP price started a downside correction below the $1.1840 zone. The price is 
now showing bearish signs and might decline further below $1.10. XRP price 
started a downside correction after it failed to stay above the $1.1750 zone. 
The price is now trading below $1.150 and the 100-hourly Simple Moving 
Average. There was a break below a bullish trend line with support at $1.1620 
on the hourly chart of the XRP/USD pair (data source from Kraken). The pair 
could continue to move down if it stays below $1.150. XRP Price Dips Once 
Again XRP price struggled to stay above $1.1620 and started a fresh decline, 
like Bitcoin and Ethereum. The price dipped below the $1.160 and $1.1550 
levels. There was a break below a bullish trend line with support at $1.1620 
on the hourly chart of the XRP/USD pair. The price even traded below the 38.2% 
Fib retracement level of the upward move from the $1.050 swing low to the 
$1.1863 high. The price is now trading below $1.160 and the 100-hourly Simple 
Moving Average. If there is a fresh upward move, the price might face 
resistance near the $1.1350 level. The first major resistance is near the 
$1.1420 level, above which the price could rise and test $1.150. A clear move 
above the $1.150 resistance might send the price toward the $1.1580 
resistance. Any more gains might send the price toward the $1.1650 resistance. 
The next major hurdle for the bulls might be near $1.1840. More Downside? If 
XRP fails to clear the $1.150 resistance zone, it could start a fresh decline. 
Initial support on the downside is near the $1.1020 level or the 61.8% Fib 
retracement level of the upward move from the $1.050 swing low to the $1.1863 
high. The next major support is near the $1.1072 level. If there is a downside 
break and a close below the $1.1072 level, the price might continue to decline 
toward $1.1020. The next major support sits near the $1.10 zone, below which 
the price could continue lower toward $1.080. Any more losses might call for a 
test of $1.050. 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 below the 50 level. Major Support Levels – $1.1020 and 
$1.080. Major Resistance Levels – $1.1500 and $1.1840.

XRP price started a downside correction below the $1.1840 zone. The price is now showing bearish signs and might decline further below $1.10. XRP price started a downside correction after it failed to stay above the $1.1750 zone. The price is now trading below $1.150 and the 100-hourly Simple Moving Average. There was a break &#8230;

XRP Price On Shaky Ground As A New Selloff Threatens

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XRP Price On Shaky Ground As A New Selloff Threatens

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