XRP Price Pauses Can Bulls Bounce Back? 🚀💹
XRP surged above $2.30 but is now in a cool-down phase, holding support around $2.220. Despite a dip below $2.2650 and the 100-hour SMA, the bulls are not out of the game yet.
Key Highlights:
XRP broke above the $2.250 and $2.280 resistance levels, outperforming Bitcoin and Ethereum.
It touched a high near $2.359 before correcting lower.
Current support is seen near $2.220, forming a contracting triangle pattern on the hourly XRP/USD chart.
As long as XRP stays above $2.220, a fresh upward move is possible.
Resistance Ahead:
📈 Immediate resistance sits near $2.250, followed by a major hurdle at $2.280.
📊 A clean break above $2.30 (61.8% Fib retracement from $2.359 to $2.2220) could open doors to $2.320 and $2.350.
📍 If bulls maintain momentum, $2.420 could be the next stop.
Watch for Support Dips:
📉 Failure to clear $2.2650 might lead to renewed selling pressure.
Initial support: $2.220
Key support: $2.200
A breakdown below $2.200 could send XRP sliding toward $2.160.
Technical Indicators:
MACD (Hourly): ⚠️ Turning bearish
RSI (Hourly): 📉 Below 50, signaling weakening momentum
Major Support Levels: ✅ $2.220, $2.200
Major Resistance Levels: ⛔ $2.2650, $2.300
Conclusion: XRP remains in a make-or-break zone. Holding $2.220 could revive the bullish momentum, but a fall below $2.200 might shift control back to the bears. Stay alert for a breakout or breakdown in the coming sessions.
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