XRP price stop for Resistance, dey face important $2.81 Support
XRP price try recover pass di $2.80 support zone and e still dey above di 100-hour simple moving average. But e stop near resistance for $2.88–$2.92 and e fall under one rising channel for $2.85.
Now, di token need hold $2.8120 make e no lose more. Immediate resistance dey for di 61.8% Fibonacci retracement level for $2.9160, wit upside targets for $3.00 and $3.05.
For downside, if e close below $2.80, e fit push price go $2.78, $2.74 and di $2.70–$2.65 support zone. Technical indicators dey show say di bullish MACD dey slow down and di RSI dey fall below 50, wey mean momentum dey fade. Traders suppose dey watch dis key levels to sabi wetin next move for XRP price go be.
Bearish
XRP price no fit break pass critical resistance wey dey $2.88–$2.92 and e slip under im rising trend channel, e mean say im momentum dey weak. The MACD histogram show say bullish momentum dey reduce, the RSI don fall below 50, both dey show say e fit drop more. For short term, if e break below $2.8120 support, e fit make the price fall go $2.70–$2.65 area. For medium term, unless the token fit get back pass the 100-hour SMA and 61.8% Fibonacci retracement wey dey $2.9160, bearish feeling fit still dey. Traders suppose watch these levels well and make dem consider risk management strategies as the market pressure dey push down.