XRP Rally Gathers Momentum — Can Buyers Push Through the Barrier?
XRP has climbed above $3.25, showing positive signs that it may challenge the $3.35 level. The price is currently holding above $3.25 and the 100-hour simple moving average. On the hourly chart, XRP/USD broke through a downward trend line near $3.288, adding to the bullish sentiment. If buyers manage to clear the $3.35 resistance, a stronger upward move could follow.
Similar to Bitcoin and Ethereum, XRP built a base above $3.15 before moving higher. The rally gained strength after surpassing $3.20 and $3.25, with bulls pushing past $3.28 resistance. The recent high was set at $3.35, and the price is now consolidating above the 23.6% Fibonacci retracement level from the $3.10 low to the $3.35 high.
Currently, XRP remains above $3.30 and the 100-hour SMA, with the $3.35 mark acting as the immediate obstacle. A clear move beyond $3.365 could open the door toward $3.40, with further gains potentially aiming for $3.45 or $3.48. A stronger test for buyers may emerge near the $3.50 zone.
However, if XRP fails to break $3.35, a pullback could occur. Initial support is seen at $3.29, followed by a stronger level at $3.20, which aligns with the 61.8% Fibonacci retracement from the $3.10 to $3.35 move. A drop below $3.20 might push the price toward $3.15, with the next notable support around $3.08.
Technical outlook:
Hourly MACD for XRP/USD is trending upward in the positive zone
Hourly RSI is above 50
Key support: $3.20, $3.15
Key resistance: $3.35, $3.45