XRP Fires Up Again—Bulls Target Major Breakout Level

XRP rose beyond $3.020. The price is consolidating gains and may move beyond $3.10 support.

Above $3.020, XRP price rose again.

The price is above $2.950 and the 100-hour SMA.

On the hourly XRP/USD chart, a bullish trend line with support at $2.950 is formed.

If it remains over $2.880, the pair may rise again.
XRP Expects More Gains

Like Bitcoin and Ethereum, XRP rose after settling over $2.840. The price broke $2.950 resistance.

Price rose over $3.00 as bulls remained active. Last, the price tested $3.10. Price is holding gains after hitting $3.10 high. Price fell below $3.050.

The price fell below the 23.6% Fib retracement line of the $2.660 swing low to $3.10 high. The price is above $2.950 and the 100-hour SMA.

Price may find resistance at $3.020 on the upside. At $3.050, serious resistance begins. A clean break over $3.050 might push the price above $3.10. More advances might push the price toward $3.120 or $3.150. Bulls may face a significant test around $3.20.

Downside Break?
XRP may fall again if it fails to break $3.00. The trend line and $2.950 level provide first downward support. The trend line is at the 50% Fib retracement level of the $2.660 swing low to $3.10 high upward rise. Near $2.880 is the next important support.

If the price breaks down and closes below $2.880, it may fall toward $2.840. Near $2.750 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: $2.950, $2.840.

Major resistance levels: $3.00 and $3.10.

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