$BTC XRP Bulls Defend $2.00—New Price Surge?

XRP rose from $2.00. The price is stabilizing above $2.050 and may break $2.20.

Over $2.050, XRP price rose again.

The price is above $2.080 and the 100-hour SMA.

XRP/USD broke above a negative trend line with resistance around $2.080 on the hourly chart.

If it breaks $2.120 barrier, the pair may rise.

XRP Price May Rise

XRP entered a rebound wave like Bitcoin and Ethereum by staying over $2.00. A considerable gain began above $2.020 and $2.050.

XRP/USD broke above a negative trend line with resistance around $2.080 on the hourly chart. Bulls pushed the price over $2.10. A high was set at $2.1235, and the price is stabilizing above the 23.6% Fib retracement line of the upward run from $2.038 swing low to $2.123 high.

The price is above $2.10 and the 100-hour SMA. The price may find resistance at $2.120 on the upside. Near $2.150 is the first big obstacle.

Next resistance is $2.1850. A clean break above $2.1850 might push the market above $2.250. More advances might push the price toward $2.320 or $2.350. The bulls may face $2.50 next.

Another Fall?

XRP may fall again if it fails to break $2.120. Initial downside support is $2.10. The next key support is at $2.080, the 50% Fib retracement level of the upward run from the $2.038 swing low to the $2.123 high.

If the price breaks down and closes below $2.080, it may fall toward $2.050. Near $2.00 is the next important 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: $2.080, $2.050.

Two major resistance levels: $2.120 and $2.150.

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