#SaylorBTCPurchase XRP on the Brink: Will the Next Surge Smash Resistance for Good?

At $2.20, XRP gained support and rose. The price is rising and may break $2.40 barrier.

Above $2.250, XRP price rose again.

The price is above $2.30 and the 100-hour SMA.

The hourly XRP/USD chart shows a short-term ascending channel with support around $2.3650.

Another rise may follow a closure above $2.420 barrier.

XRP Expects More Gains

XRP pricing launched a new uptrend like Bitcoin and Ethereum over $2.220. The price broke $2.250 and $2.320.

Bulls broke the $2.350 resistance zone to lay the stage for more advances. It tested $2.475 last. Before falling, prices reached $2.4752. Dropping below $2.40, it tested $2.330. It has again risen above the 23.6% Fib retracement level of the decline from $2.4752 swing high to $2.3310 low.

The price is above $2.350 and the 100-hour SMA. On the hourly XRP/USD chart, a short-term rising channel with support around $2.3650 is formed.

The upswing may encounter resistance between $2.40 and the 50% Fib retracement level of the decline from the $2.4752 swing high to the $2.3310 low. Near $2.420 is the first big resistance. The next hurdle is $2.480.

A clean break over $2.450 might push the market above $2.50. More advances might push the price toward $2.550 or $2.6350. The bulls may face $2.750 next.

Another Fall?

XRP may fall again if it fails to break $2.420. The downside has first support at $2.3650. Near $2.320 is the next important support.

If the price breaks down and closes below $2.320, it may fall toward $2.250. Near $2.220 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: $2.3650, $2.320.

Two major resistance levels: $2.420 and $2.480.