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XRP Price Turns Bullish, Eyes Break Above $2.20 Resistance

XRP price has resumed its upward momentum, climbing above key resistance levels of $1.980 and $2.050. The asset is now trading above $2.080 and the 100-hour simple moving average (SMA), showing signs of consolidation with potential for further gains if it can decisively break above the $2.20 resistance.

Price Action and Technical Overview

Following the broader crypto market trend, including Bitcoin and Ethereum, XRP rebounded from the $1.880 support zone and breached the $1.980 and $2.00 resistance levels. After peaking near $2.244, the price experienced a brief corrective move, dipping below the $2.120 support and the 23.6% Fibonacci retracement level of the move from the $1.920 swing low to the $2.244 high.

Buyers stepped in at the $2.080 support level, which coincides with the 100-hour SMA. A bullish trend line is forming near the $2.10 level on the hourly XRP/USD chart, providing additional support.

On the upside, initial resistance is seen around $2.168, followed by a major hurdle at $2.20. A clear breakout above this level could lead to a push toward $2.250. Continued bullish momentum may drive the price further toward $2.320, with potential targets at $2.450 and $2.50. The next key resistance beyond that is $2.550.

Potential Downside Risk

Failure to sustain momentum above the $2.20 resistance could trigger another decline. Initial support lies at the trend line near $2.10. A break below this level could test the $2.080 support—aligned with the 50% Fibonacci retracement level of the recent upward move. Deeper losses could drive the price toward $2.00 and possibly retest the $1.920 support zone.

Technical Indicators

MACD (Hourly XRP/USD): Gaining strength in the bullish zone.

RSI (Hourly): Positioned above the 50 level, indicating bullish momentum.

Major Support Levels: $2.100, $2.080

Major Resistance Levels: $2.20, $2.250, $2.320

XRP’s price action remains positive, with bullish #BTCRebound #SECGuidance