XRP Gains Momentum — A Break Above $2.50 Could Spark a Bullish Surge
XRP is back in action, climbing above the key $2.50 level and flashing strong bullish signals. If it clears the $2.60 resistance, we could see a breakout past $2.62.
The price is holding firm above $2.50 and the 100-hour SMA.
A bullish trend line is forming with support near $2.50 on the XRP/USD hourly chart.
XRP Rallies Over 5%
Following a rebound from $2.40—mirroring Bitcoin and Ethereum’s recent moves—XRP surged past the $2.45 barrier. Bulls pushed the price to a new local high at $2.5870, and it’s now consolidating gains above the 23.6% Fib level of the move from $2.250 to $2.5870.
Key Levels to Watch:
Immediate Resistance: $2.5880, followed by a major zone at $2.60.
A clear break above $2.60 could open the door toward $2.620, $2.650, and even $2.6850.
A strong push might challenge the critical $2.750 resistance.
Potential Downside?
If XRP fails to break $2.620, a pullback could be on the cards. Initial support lies at the bullish trend line and the $2.50 mark. Below that, $2.450 becomes the next key level.
A break under $2.450 may trigger further losses toward $2.420 or even the 50% Fib retracement near $2.40.
Technical Indicators:
MACD (Hourly): Gaining strength in the bullish zone.
RSI (Hourly): Holding above 50, favoring buyers.
Support Levels: $2.50, $2.450
Resistance Levels: $2.60, $2.620
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