🚀 XRP Regains Momentum — Is a Powerful Breakout on the Horizon?
Above $2.30, XRP price rose again. Positive signals suggest the price may break $2.32.
The price of XRP rose over $2.280.
Over $2.280 and the 100-hourly Simple Moving Average,
The hourly XRP/USD chart shows a bullish trend line with support around $2.280.
If it remains over $2.250, the pair may rise again.
XRP Price May Rise
XRP began rising again after breaking $2.2620, topping Bitcoin and Ethereum. The price broke $2.280 barrier.
Bulls just drove the price above the 50% Fib retracement level of the negative move from the $2.353 swing high to the $2.251 low and challenged $2.32. The hourly XRP/USD chart also shows a positive trend line with support around $2.280.
The price is above $2.280 and the 100-hour SMA. Price may find resistance at $2.320 on the upside. The first big obstacle is $2.330, the 76.4% Fib retracement level of the decline from the $2.353 swing high to the $2.251 low.
A clean break over $2.330 might push the market above $2.350. More advances might push the price toward $2.40 or $2.420. The bulls may face a severe test around $2.50.
Another Fall?
XRP may fall again if it fails to break $2.320. The $2.280 level and trend line zone provide first downward support. Near $2.250 is the next key support.
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: $2.280, $2.250.
Two major resistance levels: $2.330 and $2.350.
