XRP Ignites — Bullish Momentum Fuels Fresh Breakout XRP ros
koinmilyoner
Updated at: 8 hours ago
{"content":"XRP Ignites — Bullish Momentum Fuels Fresh Breakout
XRP rose steadily over $2.120. Price is consolidating and may break $2.220 resistance.
Above $2.20, XRP price rose again.
The price is above $2.150 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance around $2.190 on the hourly chart.
The pair may gather momentum if it breaks $2.220 resistance.
XRP Price May Rise
Like Bitcoin and Ethereum, XRP developed a base above $2.080 and increased. The price broke $2.120 and $2.150 barrier.
XRP/USD broke above a negative trend line with resistance around $2.190 on the hourly chart. They crossed $2.20. After reaching $2.2191, the price is correcting. The price dropped below $2.20, but it is still above the 23.6% Fib retracement line of the upward advance from $2.070 swing low to $2.2191 high.
The price is above $2.180 and the 100-hour SMA. Price may find resistance at $2.220 on the upside. Near $2.250 is the first big obstacle. $2.320 is next resistance. A clean break over $2.320 might push the market above $2.350.
More advances might push the price toward $2.40 or $2.450. The bulls may face $2.50 next.
Correcting Down?
XRP may fall again if it fails to break $2.220. The downside has first support at $2.180. The next key support is $2.1450, the 50% Fib retracement level of the bullish advance from $2.070 swing low to $2.2191 high.
A downward break and closure below $2.1450 might push the price around $2.120. Near $2.080 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: $2.220, $2.250.
Key Resistance Levels: $2.1450, $2.120.
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