XRP Shows Strength as Bulls Eye Higher Levels
XRP is holding steady above key support levels and signaling potential for further upside.
Current Price Action: XRP is consolidating above $2.920–$2.950, supported by the 100-hour SMA.
Trend Formation: An ascending channel is visible on the hourly XRP/USD chart, with major resistance near $3.120.
Upside Potential:
A breakout above $3.120 could open the door for gains toward $3.150 and $3.200.
Strong resistance is expected near $3.250, which may serve as a critical test for bulls.
Downside Risks:
Immediate support is seen at $2.990, followed by $2.950.
A sustained move below $2.950 may trigger further declines toward $2.920, and possibly the $2.8620 support zone.
Technical Indicators:
Hourly MACD: Bullish momentum building in positive territory.
Hourly RSI: Above 50, indicating strength.
Key Levels to Watch:
Support: $2.990, $2.920
Resistance: $3.120, $3.150, $3.250
