After Breaking Key Resistance, XRP Price Looks Up

At $2.080, XRP gained support and rose. The price is rising and may break $2.150 barrier.

The XRP price launched a rebound over $2.10.
The price is above $2.120 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance above $2.1450 on the hourly chart.

If it closes over $2.1680 barrier, the pair may rise again.

XRP Expects More Gains

Like Bitcoin and Ethereum, XRP recovered over $2.080. The price broke $2.10 and $2.120.

XRP/USD broke above a negative trend line with resistance above $2.1450 on the hourly chart. Bulls broke the 23.6% Fib retracement barrier of the decline from $2.2580 swing high to $2.078 low.

The price is above $2.150 and the 100-hour SMA. The upswing may encounter resistance between $2.1680 and the 50% Fib retracement level of the decline from the $2.2580 swing high to the $2.078 low.

Near $2.180 is the first big obstacle. The next hurdle is $2.20. A clean break over $2.20 might push the market above $2.220. More advances might push the price toward $2.250 or $2.30. The bulls may face $2.320 next.

Another Fall?
XRP may fall again if it fails to break $2.180. Initial downward support is about $2.1320. Near $2.120 is the next key support.

A bearish break and closing below $2.120 might push the price around $2.080. Near $2.050 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: $2.120, $2.080.

Two major resistance levels: $2.180 and $2.20.

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