XRP Price Gives Back Momentum, Traders Reassess the Bullish Setup

XRP price failed to surpass $2.20 and started another decline. The price is now correcting gains and might struggle to stay above $2.080. XRP price started a downside correction and tested the $2.080 zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it clears $2.150. XRP Price Starts Fresh Decline XRP price failed to clear $2.20 and started a downside correction below the $2.150 zone, underperforming Bitcoin and Ethereum. The price dipped below the $2.120 and $2.10 levels to enter a negative zone. The price even dipped below the 61.8% Fib retracement level of the up...