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XRP price started a steady increase above $2. 20. The price is now consolidating gains and might aim for another increase if it stays above the $2. 180 level. XRP price started a fresh increase above the $2. 120 zone. The price is now trading above $2. 20 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2. 00 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2. 280. XRP Price Gains Momentum XRP price started a decent upward move above $2. 020 and $2. 050, beating Bitcoin and Ethereum. The price gained pace for a clear move above the $2. 120 resistance. Besides, there was a break above a key bearish trend line with resistance at $2. 00 on the hourly chart of the XRP/USD pair. The pair even surpassed the $2. 20 barrier. A high was formed at $2. 286 and the price started a consolidation phase above the 23. 6% Fib retracement level of the upward move from the $1. 817 swing low to the $2. 286 high. The price is now trading above $2. 20 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2. 280 level. The first major resistance is near the $2. 320 level, above which the price could rise and test $2. 350. A clear move above the $2. 350 resistance might send the price toward the $2. 4620 resistance. Any more gains might send the price toward the $2. 50 resistance. The next major hurdle for the bulls might be near $2. 550. Another Decline? If XRP fails to clear the $2. 280 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2. 180 level. The next major support is near the $2. 080 level. If there is a downside break and a close below the $2. 080 level, the price might continue to decline toward $2. 050 and the 50% Fib retracement level of the upward move from the $1. 817 swing low to the $2. 286 high. The next major support sits near the $2. 020 zone, below which the price could continue lower toward $1. 9250. Technical Indicators Hourly MACD The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) The RSI for XRP/USD is now above the 50 level. Major Support Levels $2. 180 and $2. 080. Major Resistance Levels $2. 280 and $2. 320.

Bitcoin price is gaining bearish pace below $108,800. BTC could continue to move down if it stays below the $109,500 resistance. Bitcoin started a fresh decline below the $109,000 support. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $105,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $110,000 support level and started a fresh decline. BTC dipped below $109,000 and $108,800 to enter a bearish zone. The decline was such that the price traded below the 76. 4% Fib retracement level of the upward move from the $106,310 swing low to the $111,000 high. Besides, there is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. BTC tested the 1. 236 Fib extension level of the upward move from the $106,310 swing low to the $111,000 high. If the bulls attempt a recovery wave, the price could face resistance near the $108,200 level. The first key resistance is near the $108,800 level. The next resistance could be $109,500 and the trend line. A close above the $109,500 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance. Any more gains might send the price toward the $111,500 level. The next barrier for the bulls could be $112,000 and $112,500. More Losses In BTC? If Bitcoin fails to rise above the $108,800 resistance zone, it could continue to move down. Immediate support is near the $106,200 level. The first major support is near the $105,500 level. The next support is now near the $105,000 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now below the 50 level. Major Support Levels $106,200, followed by $105,500. Major Resistance Levels $108,800 and $109,500.