#xrp Price Climbs, But Key Resistance Levels Could Limit Further Upside
Market Overview
$XRP has shown renewed bullish momentum, rebounding from the $2.15 support level. The price has surpassed the $2.22 mark and is currently trading above the 100-hour Simple Moving Average (SMA), indicating continued short-term strength. However, several technical hurdles may pose challenges to the ongoing rally.
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🔼 XRP’s Uptrend and Key Breakout Levels
XRP began a fresh recovery from $2.15, in line with upward moves seen in Bitcoin and Ethereum.
The price successfully cleared the $2.22 and $2.25 resistance levels.
The upward move extended beyond the 61.8% Fibonacci retracement level, measured from the $2.327 swing high to the $2.148 low.
Despite this, significant resistance emerged near $2.285, where bears became more active.
XRP was unable to breach the 76.4% Fibonacci retracement level, and a rejection occurred near $2.285.
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📊 Technical Structure
XRP is holding above $2.22 and the 100-hour SMA, a sign of continued support.
A bullish trend line has formed on the hourly XRP/USD chart, offering support at around $2.20.
Immediate resistance lies near $2.258, followed by a stronger barrier at $2.285.
A decisive breakout above $2.285 could lead to further gains, with potential targets at $2.32, $2.35, and possibly $2.40 or $2.42.
If bullish momentum continues, $2.50 could act as the next major resistance level.
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🔻 Potential Downside Risks
If XRP fails to break above $2.285, a pullback could begin.
The first key support is at $2.22, with a more substantial support zone near $2.20—aligned with the bullish trend line.
A breakdown below $2.20 could open the door to a decline toward $2.15, with the next critical support around $2.12.
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📈 Technical Indicators
MACD (Hourly): The MACD for XRP/USD is losing bullish momentum.
RSI (Hourly): Currently above 50, indicating moderate bullish strength.
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📌 Key Levels to Watch
Support: $2.220, $2.200, $2.150
Resistance: $2.285, $2.320, $2.350
