🚀 XRP Bulls Regroup — Is the Next Leg Up About to Begin? X
koinmilyoner
Updated at: 3 hours ago
{"content":"🚀 XRP Bulls Regroup — Is the Next Leg Up About to Begin?
XRP price accelerated over $2.920 barrier. Bids may be around $2.920 as the price corrects.
XRP is fighting to break $3.00.
The price is above $2.920 and the 100-hour SMA.
XRP/USD broke below a positive trend line with support around $2.9650 on the hourly chart.
The pair may climb if it remains over $2.920.
XRP Price Sustains Gains
XRP outperformed Bitcoin and Ethereum by staying above $2.8320 and rising. Price broke $2.920 and $2.950 barrier.
Bulls pushed the price past $3.00. After reaching $3.0365, the price is correcting. The upward rise from the $2.794 swing low to the $3.036 high fell below the 23.6% Fib retracement line.
Additionally, the hourly XRP/USD chart broke below a positive trend line with support around $2.9650. The price is above $2.920 and the 100-hour SMA.
If bulls hold $2.920, price may rise again. Price may find resistance at $2.980 on the upside. First significant resistance is around $3.00. A break over $3.00 might push the market above $3.0350. More advances might push pricing toward $3.120 barrier. The bulls may face a severe test at $3.150.
More drawbacks?
XRP may fall if it fails to break $3.00. Near $2.9350 is first downward support. Next key support is approaching $2.920, the 50% Fib retracement level of the upward run from $2.794 swing low to $3.036 high.
A bearish break and closing below $2.920 might push the price near $2.860. Below $2.850, the price may fall to the next key support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
Hourly RSI (Relative Strength Index): XRP/USD is at 50.
Major Support Levels: $2.9350, $2.920.
Key Resistance Levels: $2.980, $3.00.
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