XRP Price Warning: Larger Correction Looms After Recent Weakness
XRP price is struggling to clear the $3.080 resistance zone. The price is now declining and might extend losses if it drops below $2.920. XRP price is correcting gains from the $3.080 resistance. The price is now trading near $2.9650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $3.050 zone. XRP Price Faces Hurdles XRP price started a downside correction from $3.0850, like Bitcoin and Ethereum. The price....
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XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock....
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