The XRP price is rising steadily as bullish sentiment grows


At $2.420, XRP gained support and rose. The price is correcting gains from $2.60 and may rise again.

Above $2.50, XRP price rose again.
The price is above $2.50 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support around $2.510.

If it closes over $2.60 barrier, the pair may rise again.

XRP Maintains Gains

Like Bitcoin and Ethereum, XRP price continued rising beyond $2.40. The price broke $2.50 and $2.550.

Bulls broke the $2.580 resistance zone to lay the stage for more advances. The $2.60 zone was examined last. Before falling, prices reached $2.6050. The price fell below $2.5650 and the 23.6% Fib retracement line of the $2.4220 swing low to $2.6050 high.

The price is above $2.50 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support at $2.510 is formed.

Price may find resistance at $2.60 on the upside. Near $2.650 is the first big resistance. Next resistance is $2.720. A clean break over $2.720 might push the market above $2.80. More advances might push the price toward $2.850 or $2.880. The bulls may face $2.950 next.

Correcting Down?
XRP may fall again if it fails to break $2.60. The trend line and $2.510 provide first negative support. The 61.8% Fib retracement level of the upward run from the $2.4220 swing low to the $2.6050 high is approaching $2.492, the next significant support.

If the price breaks down and closes below $2.4920, it may fall toward $2.450. Near $2.420 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: $2.510, $2.4920.

Two major resistance levels: $2.60 and $2.650.