XRP Ready to Run? Bulls See New Gains in Bullish Setup

XRP broke $1.950 barrier and rose again. Price is consolidating and must rise over $2.00 to gain.

Above $1.880 and $1.950, XRP price rose again.

The price is above $1.920 and the 100-hour SMA.

XRP/USD broke over a short-term negative trend line with resistance at $1.9750 on the hourly chart.

The pair may continue gains if it closes over $2.00 barrier.

XRP Expects Gains

Like Bitcoin and Ethereum, XRP stays above the $1.780 support zone and rises. Price broke $1.880 and $1.950 resistance.

The price began a negative reversal after reaching $2.089. Below $2.00 support zone. The price fell below the 23.6% Fib retracement line of the $1.7210 swing low to $2.0895 high.

However, bulls were active at $1.920. The price is above $1.950 and the 100-hour SMA. XRP/USD broke over a short-term negative trend line with resistance at $1.9750 on the hourly chart.

Price may find resistance at $2.00 on the upside. First significant resistance is around $2.050. Next resistance is $2.0750.

A clean break above $2.0750 might push the market above $2.120. More advances might push the price toward $2.150 or $2.20. The bulls may face $2.320 next.

Another Fall?

XRP may fall again if it fails to break $2.00. Near $1.950 is first downward support. Near $1.920 is the next important support.

If the price breaks below $1.920, it may fall below the $1.90 support and the 50% Fib retracement level of the upward run from the $1.7210 swing low to the $2.0895 high. Near $1.850 is the next key support.

Tech Indicators

Hourly MACD - XRP/USD MACD is rising in the positive zone.

XRP/USD's hourly RSI is over 50.

Major Support Levels: $1.950, $1.90.

Major resistance levels: $2.00, $2.0750.