๐ XRP Shows Strong Momentum โ Bulls Eye Fresh Highs
XRP is holding firm above $2.950 and trending upward. Price action suggests stability, with potential to challenge the $3.120 resistance level soon.
Currently, XRP trades above $2.950 and the 100-hour SMA, forming a rising channel on the hourly XRP/USD chart capped by resistance near $3.120.
After clearing $2.920 and $3.00, bulls pushed as high as $3.126 before consolidation set in. The pair now sits above key supports, with $3.065 and $3.120 marked as the next hurdles. A breakout over $3.120 could trigger a run toward $3.150 and possibly $3.20, with a major test awaiting near $3.250.
โ ๏ธ Downside Risk: Failure to hold above $3.120 may invite sellers. First support is near $2.990, followed by $2.950. A drop below $2.950 could drag the price toward $2.920 and even $2.862 if bearish momentum accelerates.
๐ Indicators:
โข MACD: Staying bullish in positive territory.
โข RSI: Holding above 50, signaling strength.
๐ Key Levels
Support: $2.990, $2.920
Resistance: $3.120, $3.150
