XRP Price On Shaky Ground As A New Selloff Threatens
Summary
XRP has turned bearish after failing to hold above $1.1620 and slipping below $1.160 and the 100-hour moving average. It also broke a bullish trend line and fell under the 38.2% Fibonacci retracement of the move from $1.050 to $1.1863. Near-term resistance is around $1.1350, then $1.1420 and $1.150. A recovery above $1.150 could open the way to $1.1580, $1.1650, and $1.1840. If XRP cannot reclaim $1.150, downside risk remains, with support near $1.1020 and $1.1072. A break below $1.10 could send the price toward $1.080, with $1.050 as a deeper target. MACD is bearish and RSI is below 50.
