🚀 XRP Holds Firm — Bullish Continuation in Sight?
Above $2.320, XRP price rose again. Positive signals suggest the price may break $2.45.
Over $2.350, XRP price rose again.
The price is above $2.320 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support around $2.380.
If it remains over $2.350, the pair may rise again.
Over 5% Gain for XRP
After breaking $2.30, XRP price rose, surpassing Bitcoin and Ethereum. The price broke $2.350 barrier.
Recent bullish action lifted the price over $2.40. The price has set a high at $2.437 and is consolidating gains above the 23.6% Fib retracement line of the upward run from the $2.250 swing low.
The price is above $2.350 and the 100-hour SMA. Additionally, the hourly XRP/USD chart shows a bullish trend line with support around $2.380.
Price may find resistance at $2.4350 on the upside. Near $2.450 is the first big resistance. A clean break over $2.450 might push the market above $2.50. More advances might push the price toward $2.550 or $2.60. The bulls may face a severe test at $2.750.
Another Fall?
XRP may fall again if it fails to break $2.450. The trend line and $2.380 level provide first downward support. The next key support is $2.350, the 50% Fib retracement level of the upward advance from the $2.250 swing low to the $2.437 high.
If the price breaks down and closes below $2.350, it may fall toward $2.320. Near $2.2650 is the next important 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: $2.380, $2.350.
Major resistance levels: $2.4350, $2.450.
