$XRP Price Surge: Break Above $2.50 Could Fuel Significant Upswing

Following a rebound above the $2.15 mark, XRP has consolidated above $2.20, signaling potential for a push toward $2.25. A bullish trend line forming near the $2.20 support level on the XRP/USD hourly chart underscores this upward momentum.

Key Developments:

- Recovery Momentum: Mirroring trends in Bitcoin and Ethereum, XRP initiated a recovery after surpassing the $2.065 and $2.10 resistance levels. The rally accelerated past $2.12 and $2.15, with buyers briefly testing the $2.25 zone before facing resistance.

- Resistance Test : After peaking at $2.249, XRP saw a minor correction, dipping below $2.235 and $2.22. The price stabilized near the 23.6% Fibonacci retracement level (measured from the $2.06 swing low to the $2.249 high) but found strong support above $2.20.

- Current Positioning : XRP now trades above $2.22 and the 100-hour Simple Moving Average (SMA), with the bullish trend line reinforcing the $2.20 support.

Upside Potential:

Immediate resistance lies at $2.245, followed by the critical $2.25 hurdle. A decisive break above this level could propel the price toward $2.35. Sustained momentum beyond $2.35 may open the door to higher targets like $2.50, with extended gains potentially eyeing $2.62–$2.65. In a bullish scenario, the next major objective could be $2.80.

Downside Risks:

Failure to breach $2.25 could trigger a pullback. Initial support rests at the trend line ($2.20) and $2.15 (50% Fibonacci retracement of the recent upswing from $2.06 to $2.249). A close below $2.15 might spark a steeper decline toward $2.12, with further downside risks near $2.08.

Technical Signals:

- Hourly MACD: Gaining strength in bullish territory.

- Hourly RSI : Holds above 50, indicating positive momentum.

Key Levels :

- Support : $2.20, $2.15

- Resistance*: $2.65, $2.85

The coming sessions will likely hinge on XRP’s ability to hold above $2.20 or clear the $2.25 resistance, setting the stage for its next major move.