🔥 XRP Hits Crucial Support — Will Bulls Stage a Powerful Comeback?

Above $2.220 obstacle, XRP price rose again. The price is stabilizing and may break $2.250 resistance.

Above $2.220, XRP price rose again.

The price is above $2.220 and the 100-hour SMA.

The hourly XRP/USD chart shows a bullish trend line with support around $2.185.

The pair may rise again if it breaks $2.250 barrier.

XRP Maintains Support

XRP price stayed over $2.050 and rose, outperforming Bitcoin and Ethereum. Price rose over $0.2150 and $0.20.

Bulls broke $2.25 resistance. After reaching $2.2816, the price is correcting. The price fell below $2.25, the 50% Fib retracement level of the upward advance from $2.137 swing low to $2.2816 high.

The price is above $2.20 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support around $2.185 is formed. The upward rise from the $2.137 swing low to the $2.2816 high is approaching the 61.8% Fib retracement line.

The price may encounter resistance at $2.2320 on the upside. Near $2.250 is the first big obstacle. Next resistance is $2.2850. A clean break above $2.2850 might push the market above $2.320. More advances might push the price toward $2.350 or $2.380. The bulls may face $2.40 next.

Downside Break?

XRP may fall again if it fails to break $2.25. The downside has first support at $2.20. Near $2.1850 is the next important support.

If the price breaks down and closes below $2.1850, it may fall toward $2.150. Near $2.120 is the next key support.

Tech Indicators

Hourly MACD - XRP/USD's bullish MACD is declining.

Relative Strength Index hourly XRP/USD RSI is below 50.

Major Support Levels: $2.20, $2.1850.

Major resistance levels: $2.250, $2.30.

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