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XRP Price Dips Below $2.150 Amid Downside Correction
XRP's price is experiencing a correction after initially rising above $2.150.
- Price tested the $2.080 zone and is now trading above $2.050, supported by the 100-hourly SMA.
- A bullish trend line with support at $2.070 is forming on the hourly chart.
- The price could increase if it surpasses the $2.120 resistance level.
XRP Price Movement
After reaching $2.180, XRP corrected downward, similar to Bitcoin and Ethereum. The price fell below $2.150 and $2.120, entering consolidation.
The bulls are maintaining activity above the $2.080 support. If a new upward move occurs, resistance may be faced at $2.120.
- Major resistance levels are at $2.150 and $2.180, with potential targets at $2.2250 and $2.250 if surpassed.
- If XRP fails to clear $2.120, it might decline further, with initial support near $2.070 and $2.050.
Technical Indicators
- Hourly MACD: Gaining pace in the bearish zone.
- Hourly RSI: Below the 50 level.
- Major Support Levels: $2.070 and $2.050.
- Major Resistance Levels: $2.120 and $2.180.
