🚀 XRP Regains Momentum — Will Bulls Finally Deliver the Breakout?

Above $2.25, XRP price rose again. The price is stabilizing and may rise over $2.320 barrier.

XRP began rising over $2.220.
The price is above $2.250 and the 100-hour SMA.

On the hourly XRP/USD chart, a bullish trend line with support around $2.270 is formed.

The pair may rise again if it breaks $2.320 barrier.

Price of XRP to Rise

Like Bitcoin and Ethereum, XRP developed a base and rose from $2.050. Above $2.120 and $2.20 barrier levels.

Bulls even broke $2.25. Price tested $2.320 resistance last. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $2.2250 swing low to the $2.3294 high.

The price is above $2.220 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support around $2.270 is formed.

Price may find resistance at $2.320 on the upside. Near $2.350 is the first big obstacle. The next hurdle is $2.40. A clean break over $2.40 might push the price above $2.420. More advances might push the price toward $2.480 or $2.50. The bulls may face $2.550 next.

Dips supported?

XRP may fall again if it fails to break $2.320. Initial downward support is at $2.2750. Next key support is approaching $2.250, the 76.4% Fib retracement level of the upward run from $2.2250 swing low to $2.3294 high.

If the price breaks down and closes below $2.250, it may fall toward $2.220. Near $2.20 is the next important support.

Tech Indicators

Hourly MACD - XRP/USD MACD is rising in the positive zone.

XRP/USD's hourly RSI is over 50.

Major Support Levels: $2.2750, $2.250.

Two major resistance levels: $2.320 and $2.350.

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