XRP Gains Steam — $2.50 Break Could Unleash Bullish Wave

Above $2.50, XRP price rose again. Positive signals suggest the price may break $2.62.

Above $2.50, XRP price rose again.
The price is above $2.50 and the 100-hour SMA.

The hourly XRP/USD chart shows a bullish trend line with support at $2.50.

If over $2.50, the pair might rise again.
Over 5% Gain for XRP

After landing over $2.40, like Bitcoin and Ethereum, XRP rose. The price broke $2.450 barrier.

Bulls just pushed the price over $2.50. The price has set a high at $2.5870 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 $2.50 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support at $2.50 is formed.

Price may find resistance at $2.5880 on the upside. Near $2.60 is the first big resistance. A clean break over $2.60 might push the price above $2.620. More advances might push the price toward $2.650 or $2.6850. The bulls may face a severe test at $2.750.

Another Fall?
XRP may fall again if it fails to break $2.620. The trend line and $2.50 level provide first downward support. Near $2.450 is the next important support.

If the price breaks down and closes below $2.450, it may go toward the $2.420 support or the 50% Fib retracement level of the upward advance from the $2.250 swing low to the $2.5870 high. Around $2.40 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: $2.50, $2.450.

Two major resistance levels: $2.60 and $2.620.

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