Above $2.20 obstacle, XRP price rose again. The price is stabilizing and may break $2.30 resistance.
Above $2.20, XRP price rose again.
The price is above $2.20 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance at $2.20 on the hourly chart.
If it fails to break $2.30, the pair may fall again.
XRP Expects Gains
Above $2.020, XRP price stabilized and rose, outperforming Bitcoin and Ethereum. Price rose over $0.2120 and $0.220.
Bulls broke the 50% Fib retracement level of the falling wave from $2.3540 swing high to $2.2081 low. Additionally, the hourly XRP/USD chart broke above a significant negative trend line with resistance around $2.20.
The price is above $2.20 and the 100-hour SMA. Price may find resistance at $2.2850 on the upside. It is approaching the 76.4% Fib retracement of the $2.3540 swing high to $2.2081 low falling wave.
Near $2.30 is the first substantial obstacle. $2.320 is next resistance. A clean break over $2.320 might push the market above $2.350. More advances might push the price toward $2.3650 or $2.3850. The bulls may face $2.40 next.
Another Drop?
XRP may fall again if it fails to break $2.30. Initial downward support is about $2.220. Near $2.20 is the next important support.
If the price breaks down and closes below $2.20, it may fall toward $2.150. Near $2.120 is the next key 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: $2.220, $2.20.
Two major resistance leve2.30. 2.2850 and $2.30. #xrp #Xrp🔥🔥 #XRPRealityCheck #XRPPredictions
