📈 XRP Rockets Higher — Bulls Aim for the Next Big Breakout
XRP is rising over $3.10. Over 10% increases may push the price over $3.40.
Above $3.20, XRP is bullish.
The price is above $3.220 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance at $3.00 on the hourly chart.
If it remains over $3.220, the pair may rise again.
Over 10% Gain for XRP
XRP price built a base above $2.85 and increased, outperforming Bitcoin and Ethereum. Price accelerated up to $3.10 and $3.15 barrier levels.
Bulls pushed price over $3.20. Additionally, the hourly XRP/USD chart broke above a negative trend line with resistance at $3.00. Over 10% and over $3.30. Price has reached $3.38, holding above the 23.6% Fib retracement mark of the upward advance from the $2.90 swing low to the $3.380 high, signifying additional gains.
The price is above $3.30 and the 100-hour SMA. Price may find resistance at $3.40 on the upside. Near $3.420 is the first big resistance.
A clean break over $3.420 might push the market above $3.50. More advances might push the price toward $3.550 or $3.620. Near $3.750, bulls may face their next significant challenge.
Are Dips Limited?
If XRP fails to break $3.40, it might fall. Around $3.250 is first downward support. The next key support is $3.150, the 50% Fib retracement level of the bullish advance from $2.90 swing low to $3.380 high.
A downward break and closing below $3.150 might push the stock approaching $3.10 support. The next big support is about $3.00, where bulls may stand.
Tech Indicators
Hourly MACD - XRP/USD MACD is rising in the positive zone.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $3.30, $3.250.
$3.40–$3.420 are major resistance levels.
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