XRP has surged over 5%, climbing from $2.50 and showing strong bullish potential. The price is currently eyeing the $2.820 resistance level, and a decisive breakout could pave the way for further gains.
📈 Key Market Developments:
🔹 XRP rebounded after holding firm above $2.550.
🔹 Price has surpassed $2.650 and is trading above the 100-hour SMA.
🔹 A breakout above a descending trendline at $2.620 on the hourly chart signals a potential bullish continuation.
🔹 Breaking the $2.750 barrier could set the stage for further upside movement.
XRP’s Uptrend & Key Resistance Levels:
Following a solid base formation, XRP has outperformed Bitcoin and Ethereum, breaking key resistances at $2.60 and $2.620. The price surged past the 50% Fibonacci retracement level from the previous decline between the $2.8320 high and $2.470 low.
Currently, XRP is trading above $2.650 and the 100-hour SMA, indicating strong bullish sentiment. However, the price faces immediate resistance at $2.750, followed by $2.820. A clear breakout above $2.820 could trigger a sharp rally toward $2.880, with further targets at $2.920 and $2.950. Ultimately, $3.00 could be the next psychological milestone for the bulls.
Potential Downside Risks:
If XRP fails to break past $2.750, a minor pullback could occur. Initial support lies at $2.650, with a more significant demand zone near $2.60. A decisive drop below $2.60 could extend losses toward $2.550 or even $2.50 in a worst-case scenario.
📊 Technical Indicators:
✅ MACD (Hourly): Bullish momentum increasing.
✅ RSI (Hourly): Trading above 50, signaling strength.
✅ Support Levels: $2.650, $2.60.
✅ Resistance Levels: $2.750, $2.820.
With buying pressure increasing, XRP appears well-positioned for further gains. If bullish momentum holds, a push toward the $3.00 milestone could be within reach. Keep an eye on key breakouts and trade accordingly! 🚀🔥
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