đ XRP Breakout Paused⊠Or Just Catching Its Breath?
XRP rose steadily over $2.220. Price is reversing gains and may find offers at $2.20.
Above $2.220, XRP price rose again.
The price is above $2.180 and the 100-hour SMA.
On the hourly XRP/USD chart, a bullish trend line with support at $2.20 is formed.
The pair may gather momentum if it breaks $2.280 resistance.
XRP Maintains Gains
XRP price made a base above $2.120 and increased, beating Bitcoin and Ethereum. The price broke $2.180 and $2.20 barrier.
The duo broke $2.30. Price is correcting after reaching $2.327 high. Price fell below $2.280. It fell below the 50% Fib retracement line of the $2.165 swing low to $2.327 high.
The price is above $2.180 and the 100-hour SMA. Additionally, the hourly XRP/USD chart shows a bullish trend line with support at $2.20. The upward rise from the $2.165 swing low to the $2.327 high is around the 76.4% Fib retracement line.
Price may find resistance at $2.280 on the upside. Near $2.30 is the first substantial obstacle. $2.320 is next resistance. A clean break over $2.320 might push the market above $2.350.
More advances might push the price toward $2.40 or $2.450. The bulls may face $2.50 next.
Fresh Decline?
XRP may fall again if it fails to break $2.280. Initial downward support is about $2.220. Near $2.20 is the next important support.
If the price breaks down and closes below $2.20, it may fall toward $2.150. Near $2.120 is the next key support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.220, $2.20.
Two major resistance levels: $2.280 and $2.320.
