🚀 $XRP /USDT – Bulls Charging at the $2.380 Barrier! Will the Breakout Hold?
XRP is gaining traction again, surging above $2.30 after a bullish bounce from $2.2670. It broke a descending trendline at $2.30, signaling a potential trend reversal. While the price remains below the $2.350 resistance and the 100-hour SMA, momentum is building.
Momentum Analysis:
MACD: Bullish crossover, gaining strength
RSI (1H): Above 50, showing positive momentum
Fib Levels: Key resistance at $2.380 (50% retracement of $2.4767 → $2.2670)
Breakout Watch:
A break above $2.380 could push price toward $2.420, and with strong momentum, potentially $2.480, $2.550, or even $2.5650.
Major resistance to clear: $2.420, then $2.650
Downside Risk:
Failure to hold above $2.320 could trigger a drop to $2.30 or $2.2650
Key support levels: $2.320, $2.30, and $2.250
Pro Tip for Traders: Watch for volume surges and hourly close above $2.380 – confirmation could unleash strong bullish continuation. But if rejected, prepare for quick downside scalps toward the support levels.
