$ETH $XRP Price Climbs; Breaking $2.5 Could Trigger a Larger Rally  

After surpassing $2.150, $XRP price increased once more. The price is consolidating above $2.20 and might push past the $2.250 mark. According to the hourly XRP/USD chart, a bullish trend line aligns with the $2.20 support level.  

Following a rise above $2.120, XRP price has climbed again.  

The pair may gain momentum if it exceeds the $2.250 resistance level.

XRP Increases  

Similar to #Bitcoin and #Ethereum, #XRP has started to bounce back, surpassing the $2.0650 and $2.10 thresholds. A significant increase began when it moved above $2.120 and $2.150.  

The bulls controlled the asset around $2.250 until the bears intervened. After reaching a peak of $2.2490, a downward movement initiated. The price fell below the support levels at $2.2350 and $2.2220. It even approached the 23.6% Fibonacci retracement level from the $2.060 swing low to the $2.2490 peak increase.  

The price could face resistance at $2.2450 moving upwards. The first major hurdle is near $2.250. Following that, $2.350 represents the next resistance point. A clear breakthrough above $2.350 could drive the market past $2.50. Further growth may lead the price toward $2.620 or $2.650. The next major challenge for the bulls could be at $2.80. 

Another Decline?  

XRP could drop again if it fails to surpass $2.250. The trend line along with $2.20 offers initial negative support. The next significant support level is at $2.150, which corresponds to the 50% Fibonacci retracement from the upward move that began at the $2.060 swing low and peaked at $2.2490.  

A downward breach and closing under $2.150 could drive the stock below $2.120. The subsequent critical support is found near $2.080.  

Technical Indicators  

The hourly MACD for XRP/USD is increasing within the positive zone.  

The hourly RSI for XRP/USD stands above 50.  

Major Support Levels: $2.20, $2.150.  

Significant Resistance Levels: $2.650 and $2.850.

$XRP

XRP

2.2461

+4.35%