#Xrpš„š„ If XRP fails to clear the $2.480 resistance zone, it could start another decline. Initial support on the downside is near the $2.40 level. The next major support is near the $2.350 level.
If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.250 zone.
Technical Indicators
Hourly MACD ā The MACD for XRP/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) ā The RSI for XRP/USD is now below the 50 level.
#Xrpš„š„ price remained supported and started a recovery wave above the $2.320 zone, like Bitcoin and Ethereum. The price was able to clear the $2.40 and $2.420 resistance levels.
The bulls were able to push the price above the 50% Fib retracement level of the downward wave from the $2.580 swing high to the $2.354 low. The price even tested the $2.50 resistance. However, there was no upside continuation and the price reacted to the downside.
There was a break below a connecting bullish trend line with support at $2.430 on the hourly chart of the XRP/USD pair. The price is now trading above $2.40 and the 100-hourly Simple Moving Average.
On the upside, the price might face resistance near the $2.450 level. The first major resistance is near the $2.480 level. The next resistance is $2.50 or the 61.8% Fib retracement level of the downward wave from the $2.580 swing high to the $2.354 low.
#Xrpš„š„ price started a fresh recovery wave above the $2.40 zone. The price is now correcting gains from $2.50 and might revisit the $2.35 support.
XRP price started a fresh recovery wave above the $2.40 resistance zone.
The price is now trading above $2.40 and the 100-hourly Simple Moving Average.
There was a break below a connecting bullish trend line with support at $2.430 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might extend losses if it breaks the $2.40 support zone.
Key Points for $3: - Bullish momentum with 58% buying pressure. - 130% growth in 90 days, 347% in 180 days. - High trading volume showing strong interest. - Needs a breakout past $2.80.
Prediction: - Short-term (6-12 hrs): Likely to test $2.75-$2.80. - Mid-term (1-2 days): $3 possible with higher volume. - Risk: Failure to break $2.80 could dip to $2.63.
Conclusion: $3 is possible with a breakout past $2.80 and strong volume. Keep an eye on market trends.
#Xrpš„š„ Current Price: $2.6998 - 24H High/Low: $2.7490 / $2.5428 - Trend: Price recently hit $2.7490, showing resistance. It is now consolidating after an upward trend. - Moving Averages: MA(5) at 7,296,757 and MA(10) at 8,637,201 suggest bullish momentum, but volume is decreasing.
8-Hour Prediction - If XRP breaks above $2.7490, it may reach $2.80+. - If it fails, consolidation between $2.65 - $2.70 is likely.
12-Hour Prediction - Bullish momentum could push it to $2.80 - $2.85. - If bearish pressure increases, it might retest $2.60 - $2.65.
ā Current Price: $2.6698 (+6.73%) ā Resistance: $2.70 - $2.75 (Breakout needed for $3.00+) ā Support: $2.60 (Key level to hold for uptrend) ā Volume: Strong buying at 56.43%, bullish momentum intact ā Prediction: - If XRP breaks $2.75, expect $3.10 within a week - If rejection happens, possible dip to $2.55 - $2.60 before next move
š Watch for: High volume breakout above $2.80 for a clear run to $3.10! š
#Xrpš„š„ XRP/USDT is currently at 2.6635, up 5.89% for the day.
- The price reached a 24-hour high of 2.6920, with support around 2.4883. - Trading volume is strong, with 196.91M XRP exchanged in the last 24 hours. - Moving averages suggest bullish momentum, and 73.35% of orders are buy-side.
If XRP breaks 2.70, further gains are possible, but a pullback to 2.60 could happen if selling pressure increases.