$XRP Bulls Storm the Gates as $2.00 Support Holds Strong!
In a thrilling display of market resilience, XRP has burst forth from the $2.00 zone, igniting a fresh wave of buying pressure that's sending the price on an upward trajectory. The bulls are back in the driver's seat, with XRP trading above $2.080 and the 100-hourly Simple Moving Average.
A Breakthrough on the Horizon ..
As XRP's price action unfolds, a key bearish trend line with resistance at $2.080 has been breached, paving the way for a potential surge above the $2.20 level. The Relative Strength Index (RSI) is firmly above the 50 level, while the MACD is gaining momentum in the bullish zone.
Resistance Levels: The Ultimate Test
The path to further gains won't be without its challenges, as XRP faces resistance at $2.120, $2.150, and $2.1850. However, a decisive break above these levels could propel the price toward the $2.250 resistance, with $2.320 and $2.350 within reach. The ultimate goal for the bulls is to shatter the $2.50 barrier.
Support Levels: The Safety Net
In the event of a downturn, XRP's support levels will be put to the test. The $2.10 level provides initial support, followed by the $2.080 level and the 50% Fib retracement level. A breach of these levels could see the price slide toward the $2.050 support, with the $2.00 zone serving as a crucial safety net.
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