XRP price turns green, hoping for a price increase
Above the resistance level of $2.050, the price of XRP has risen again. The price is consolidating and needs to surpass $2.20 to gain profits.
Above $1.980 and $2.050, the price of XRP has risen again.
The price is above $2,080 and the 100-hour SMA.
On the hourly XRP/USD chart, a positive trend line connects to the support level of $2.10.
If it closes above the resistance of $2.20, this pair could climb.
XRP expected growth
Like Bitcoin and Ethereum, XRP has closed above the support area of $1.880 and has risen. The price has broken through the barriers of $1.980 and $2.00.
The price has just started a negative reversal after reaching $2.24. Below the support area of $2.120. The price has dropped below the 23.6% Fibonacci retracement line from the low of $1.920 to the high of $2.244.
Bulls have strongly attacked at the support level of $2.080. The price is above $2.100 and the 100-hour SMA. On the hourly XRP/USD chart, a positive trend line connects to the support level of $2.10.
The price may encounter resistance at $2.1680 above. Near $2.20 is the first significant resistance. The next barrier is $2.250.
A clean breakout above $2.250 could push the market above $2.320. Further progress could drive the price towards $2.450 or $2.50. Bulls may face the next resistance at $2.550.
Another drop?
XRP could drop back if it fails to break $2.20. The trend line and $2.10 provide the first negative support. The next main support is at $2.080, the 50% Fibonacci retracement level of the rise from the low of $1.920 to the high of $2.244.
A downside breakout and close below $2.080 could push the price near $2.00. Close to $1.920 is the next significant support.
Technical indicators
Hourly MACD - The MACD of XRP/USD is rising in the positive zone.
The hourly RSI of XRP/USD is above 50.
Main support levels: $2.100, $2.080.
Main resistance levels: $2.20, $2.250.
