๐ŸŒ€ XRP Charging Ahead โ€” Can Bulls Push to $2.50 Before the Next Wave?

XRP began consolidating over $2.40. The price is growing and may break $2.50.

The XRP price began rising over $2.40.

The price is above $2.420 and the 100-hour SMA.

XRP/USD broke over a significant rising channel with resistance around $2.450 on the hourly chart.

If $2.480 barrier is broken, the pair may rise again.
XRP Expects More Gains

Following Bitcoin and Ethereum, XRP price was sustained above $0.2320 and rose. Above $0.2350 and $0.2365 resistance levels.

Price cleared $0.240 resistance. XRP/USD broke over a significant rising channel with resistance around $2.450 on the hourly chart. Bulls drove price to $0.250. The price set a high at $0.2479 and is consolidating gains above the 23.6% Fib retracement line of the upward run from $2.3360 swing low to $2.4796 high.

The price is above $2.40 and the 100-hour SMA. Price may find resistance at $2.480 on the upside. Near $2.50 is the first big resistance.

The next hurdle is $2.550. A clean break above $2.550 might push the market above $2.650. More advances might push the price toward $2.720 or $2.750. $2.80 may be the bulls' next challenge.

Are Dips Limited?

XRP may fall again if it fails to break $2.50. The downside has first support at $2.450. Next key support is approaching $2.40, the 50% Fib retracement level of the upward advance from $2.3360 swing low to $2.4796 high.

If the price breaks down and closes below $2.40, it may fall toward $2.350. Near $2.3250 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: $2.450, $2.420.

Two major resistance levels: $2.480 and $2.50.

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