Strong XRP Price: Breakout Above Key Levels?
Above $2.20, XRP price rose again. The price is consolidating near $2.280 and may rise again.
Above $2.250, XRP price rose again.
The price is above $2.220 and the 100-hour SMA.
On the hourly XRP/USD chart, a positive trend line connects to $2.240 support.
Without a close below $2.20, the pair may rise again.
XRP Maintains Gains
Like Bitcoin and Ethereum, XRP price launched a decent uptrend over $2.150 and $2.20 barrier. To start rising, the price traded over $2.220 and $2.250.
A downside decline began once the price reached $2.294. Below $2.280 and $2.250 support levels. The price fell below the 23.6% Fib retracement level of the $2.162 swing low to $2.294 high.
However, the price was held between $2.220 and the 50% Fib retracement level of the upward advance from $2.162 swing low to $2.294 high.
The price is above $2.220 and the 100-hour SMA. On the hourly XRP/USD chart, a positive trend line connects to $2.240 support. Price may find resistance near $2.30 on the upside.
Near $2.320 is the first big resistance. $2.350 is next resistance. A clear break above $2.350 might push the price toward $2.420. More advances might push the price toward $2.450 or $2.50. The bulls may face $2.620 next.
Support dips?
XRP may fall again if it fails to break $2.30. Initial downward support is about $2.2450. Near $2.220 is the next important support.
If the price breaks down and closes below $2.220, it may fall toward the $2.20 support. Near $2.150 is the next key 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: $2.220, $2.20.
Two major resistance levels: $2.30 and $2.350.
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