🚀 XRP’s Back in the Game — Can Bulls Break the Barrier? XR
koinmilyoner
Updated at: 14 days ago
{"content":"🚀 XRP’s Back in the Game — Can Bulls Break the Barrier?
XRP began consolidating over $2.250. The price is climbing and may break $2.350.
XRP rose beyond $2.30.
The price is below $2.350 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance at $2.30 on the hourly chart.
If it breaks $2.380, the pair may rise again.
XRP Expects Gains
Like Bitcoin and Ethereum, XRP began a negative fall below $2.420. It fell below $2.350 and $2.30. However, bulls were active at $2.650.
After a low of $2.2670, the price is rising. Price exceeded $2.300 resistance. XRP/USD broke above a negative trend line with resistance at $2.30 on the hourly chart.
The pair exceeded the 23.6% Fib retracement level of the $2.4767 swing high to $2.2670 low decline. The price is below $2.40 and the 100-hour SMA.
Price may find resistance at $2.380 on the upside. The 50% Fib retracement level of the decline from the $2.4767 swing high to the $2.2670 low is near. Near $2.40 is the first big resistance. Next resistance is $2.420.
A clean break over $2.420 might push the price above $2.480. More advances might push the price toward $2.550 or $2.5650. The bulls may face $2.650 next.
Another Fall?
XRP may fall again if it fails to break $2.380. Around $2.320 is first downward support. Near $2.30 is the next important support.
If the price breaks down and closes below $2.30, it may fall toward $2.2650. Around $2.250 is the next big 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: $2.320, $2.30.
Two major resistance levels: $2.380 and $2.420.
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