🚀 XRP Price Climbs, Yet Major Hurdles May Stall the Rally

XRP rose from $2.150. The price is holding gains and may encounter resistance at $2.285.

Above $2.220, XRP price rose again.
The price is above $2.220 and the 100-hour SMA.

On the hourly XRP/USD chart, a bullish trend line with support at $2.20 is formed.


If it fails to break $2.2850, the pair may fall again.

XRP Restarts Rise

At $2.150, XRP found support and began rising, like Bitcoin and Ethereum. Price recovered losses and broke $2.220 barrier.

Bulls broke $2.250. The decline from the $2.327 swing high to the $2.148 low spiked over the 61.8% Fib retracement level. However, bears were active near $2.2850.

The price failed to break the 76.4% Fib retracement level of the $2.327 swing high to $2.148 low. The price is above $2.220 and the 100-hour SMA. Additionally, the hourly XRP/USD chart shows a bullish trend line with support at $2.20.

The price may find resistance around $2.2580 on the upside. Near $2.2850 is the first big resistance. $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 $2.40 or $2.420. The bulls may face $2.50 next.

Fresh Decline?

XRP may fall again if it fails to break $2.2850. Initial downward support is about $2.220. Near $2.20 and the trend line is the next big 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's bullish MACD is declining.

XRP/USD's hourly RSI is over 50.

Major Support Levels: $2.220, $2.20.

Two major resistance levels: $2.2850 and $2.320.

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