🚀 XRP Holds Strong at Support—Are Bulls Gearing Up for the Next Leg? 🐂📈
XRP rose beyond $3.40. The price is consolidating gains and may rise beyond $3.550.
Over $3.420, XRP price rose again.
The price is above $3.450 and the 100-hour SMA.
The hourly XRP/USD chart shows a short-term bullish trend line with support at $3.480.
If it remains over $3.350, the pair may rise again.
XRP Price May Rise
After breaking $3.350, XRP rose over Bitcoin and Ethereum. The price broke $3.50 resistance.
Price rose over $3.550 as bulls remained active. Finally, $3.650 was examined. Prices just retreated from a $3.660 high. After a low of $3.425, the price is stabilizing. Price moved beyond the 50% Fib retracement level of the latest slide from $3.650 swing high to $3.425 low.
The price is above $3.450 and the 100-hour SMA. On the hourly XRP/USD chart, a short-term bullish trend line with support around $3.480 is formed.
Upside, the price may find resistance at $3.550 or the 61.8% Fib retracement level of the previous slide from $3.650 swing high to $3.425 low. Around $3.60 is the first substantial obstacle. A clean break over $3.60 might push the market above $3.650.
More advances might push the price toward $3.720 or $3.80. Near $4.00, bulls may face their next significant challenge.
Another Drop?
XRP may fall again if it fails to break $3.550. Near $3.480 is first downside support. Near $3.420 is the next important support.
A bearish break and closing below $3.420 might push the price around $3.350. Near $3.320 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $3.420, $3.350.
$3.550–$3.660 are major resistance levels.
