đ XRP Breaks Past Key Resistance â Is a Bull Run Brewing?
XRP resumed its rise from $1.920. Price is back over $2.10 and may struggle to get beyond $2.20.
Over $2.050, XRP price rose again.
The price is above $2.10 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance at $2.00 on the hourly chart.
The pair may rise if it closes over $2.180 barrier.
XRP Expects More Gains
Bitcoin and Ethereum rose as XRP stayed over $1.920. Price rose over $2.00 and $2.020 resistance.
Additionally, the hourly XRP/USD chart broke above a significant negative trend line with resistance at $2.00. The pair overcame $2.10 and $2.150 resistance. Bears were aggressive below $2.20.
The price has set a high at $2.170 and is stabilizing above the 23.6% Fib retracement line of the upward run from the $1.910 swing low.
The price is above $2.10 and the 100-hour SMA. Price may find resistance at $2.1650 on the upside. Near $2.180 is the first big obstacle. The next hurdle is $2.20. A clean break over $2.20 might push the market above $2.250.
More advances might push the price toward $2.300 or $2.320. The bulls may face $2.50 next.
Another Drop?
XRP may fall again if it fails to break $2.180. Around $2.0880 is first downward support. The next key support is at $2.050, the 50% Fib retracement level of the upward run from $1.910 swing low to $2.170 high.
A downward break and closing below $2.050 might push the price near $2.00. Near $1.920 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.050, $2.00.
Two major resistance levels: $2.180 and $2.20.
