XRP Price On Shaky Ground As A New Selloff Threatens
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 Averag