
XRP Price Sets Stage for Comeback — Recovery Wave Incoming?
XRP price extended losses and traded below $1.3650. The price is now consolidating losses but faces hurdles near $1.3550 and $1.380. XRP price started another decline and traded below the $1.3550 zone. The price is now trading below $1.3620 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1.3520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.380. XRP Price Extends Losses XRP price failed to stay above $1.3740 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.3650 and $1.3550 to enter a short-term bearish zone. The price even extended losses below $1.3350. A low was formed at $1.3217, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $1.4739 swing high to the $1.3217 low. The price is now trading below $1.3550 and the 100-hourly Simple Moving Average. If there is a f
