XRP has resumed its upward momentum, showing strength above the $2.15 mark and the 100-hour simple moving average (SMA). The price is currently stabilizing above $2.20 and may be poised for a breakout above the $2.25 resistance level.


XRP Price Rebounds


Following the broader crypto market trend led by Bitcoin and Ethereum, XRP initiated a strong recovery, breaking above key resistance levels at $2.065 and $2.10. The bullish move gained traction after crossing the $2.12 and $2.15 thresholds, pushing the price close to $2.25.


Bulls managed to drive XRP to a peak of $2.249 before facing resistance. A brief corrective pullback saw the price dip below the $2.235 and $2.222 support levels, touching the 23.6% Fibonacci retracement level of the $2.060 to $2.249 rally.


Despite the retracement, buyers held the line near $2.20. The price remains above $2.22 and the 100-hour SMA, with a key bullish trend line forming support near $2.20 on the hourly XRP/USD chart.


Key Resistance and Upside Potential


Immediate resistance is located at $2.245, with a major barrier at $2.25. A decisive move above this level could open the door for further gains. The next major resistance zone lies at $2.35. A confirmed breakout above $2.35 could trigger a rally toward $2.50. Continued bullish momentum may even push XRP toward $2.62 or $2.65, with $2.80 as a potential long-term target.


Downside Risks


On the downside, failure to clear the $2.25 resistance could lead to a fresh decline. Initial support sits at the trend line and $2.20. The next significant support is near $2.15, which aligns with the 50% Fibonacci retracement level of the recent upward move.


A break below $2.15 could put further pressure on the bulls, possibly driving the price toward $2.12 or even $2.08 in the near term.


Technical Indicators



  • Hourly MACD: Gaining momentum in the bullish zone.


  • Hourly RSI (Relative Strength Index): Positioned above 50, indicating positive momentum.


Key Support Levels



  • $2.20


  • $2.15


Key Resistance Levels



  • $2.35


  • $2.45


With the broader crypto market showing signs of a rebound and XRP holding above crucial support levels, a sustained break above $2.25 could set the stage for a major rally.


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