The price of XRP has started a new rise above the $2.20 zone. Currently, the price is correcting the gains and may find support near the $2.2150 zone. The price of XRP has begun a decent upward move above the $2.20 zone and is now trading above $2.20 and the 100-hour Simple Moving Average. There is a key upward trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may initiate another increase if it surpasses the $2.280 resistance zone.💥💥💥💥
The price of XRP has remained supported above the $2.080 level and has started a decent increase, outperforming Bitcoin and Ethereum. The price rose above the resistance levels of $2.150 and $2.20. The bulls pushed the price up by more than 5% and moved it above the $2.220 resistance. Finally, it tested the $2.3350 zone and recently corrected some gains, moving below the $2.30 level. The price tested the 50% Fibonacci retracement level of the upward move from $2.141 to the high of $2.336. Now, the price is trading above $2.220 and the 100-hour Simple Moving Average.🚨🚨🚨🚨#BombieBinanceTGE
Additionally, there is a key upward trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair. On the upside, the price may face resistance near the $2.280 level. The first major resistance is near the $2.320 level, followed by $2.3350. A clear movement above the $2.3350 resistance may drive the price towards the $2.380 resistance. Any further gains could push the price towards the $2.40 or even $2.420 resistance in the short term. The next major hurdle for the bulls could be $2.50.
If XRP fails to overcome the $2.280 resistance zone, it may start another decline. The initial support on the downside is near the $2.220 level. The next major support is near the $2.2150 level and the 61.8% Fibonacci retracement level of the upward move from $2.141 to the high of $2.336. If there is a breakdown and a close below the $2.2150 level, the price could continue to fall towards the $2.180 support. The next major support is near the $2.120 zone.#BinanceAlphaAlert
Technical Indicators: The hourly MACD for XRP/USD is losing momentum in the bullish zone. The hourly RSI (Relative Strength Index) for XRP/USD is now above the 50 level. Key Support Levels – $2.2150 and $2.180. Key Resistance Levels – $2.280 and $2.3350. $XRP
