Nearing Key Support, XRP Could Collapse—Devastating
XRP struggles to break $2.60 and $2.70. Below the $2.50 support zone, the price might fall further.
Below $2.620, XRP fell again.
The price is below $2.60 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to resistance at $2.5650.
If it breaks $2.60 barrier, the pair may rise again.
XRP Drops For Support
XRP tried to break $2.750. However, bears persisted and the price fell below $2.650 like Bitcoin.
Prices dropped below $2.60 and tested $2.50. Price has fallen to $2.508 and is trying to rebound. Price moved beyond the 23.6% Fib retracement line of the falling wave from $2.7450 swing high to $2.508 low.
The price is below $2.60 and the 100-hour SMA. Price may find resistance at $2.5650 on the upside. On the hourly XRP/USD chart, a negative trend line connects to resistance at $2.5650.
Near $2.60 is the first big resistance. Next barrier is $2.620, the 50% Fib retracement of the negative wave from $2.7450 swing high to $2.508