🔥 XRP Rally Builds — Can Buyers Push Past the Barrier? XRP
koinmilyoner
Updated at: 3 hours ago
{"content":"🔥 XRP Rally Builds — Can Buyers Push Past the Barrier?
XRP is rising over $3.250. Positive signals suggest the stock might break $3.350 barrier.
XRP is trying to break $3.350.
The price is above $3.250 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance around $3.288 on the hourly chart.
If it breaks $3.350, the pair may rise.
Possible XRP Bull Run
Like Bitcoin and Ethereum, XRP developed a base above $3.150 and increased. Price accelerated past $3.20 and $3.25 barrier.
Bulls pushed beyond $3.280 resistance. XRP/USD broke above a negative trend line with resistance around $3.288 on the hourly chart. The price set a high at $3.350 and is stabilizing above the 23.6% Fib retracement line of the upward run from the $3.10 swing low.
The price is above $3.30 and the 100-hour SMA. Price may find resistance at $3.350 on the upside.
First significant resistance is around $3.3650. A clean break over $3.3650 might push the price above $3.40. More advances might push the price toward $3.450 or $3.480. The bulls may face a severe test at $3.50.
Yet another setback?
If XRP fails to break $3.350, it might fall again. Initial negative support is $3.290. Next key support is $3.200, the 61.8% Fib retracement level of the bullish advance from $3.10 swing low to $3.350 high.
If the price breaks down and closes below $3.20, it may fall toward $3.150. Bulls may mount a stand at $3.080, the next significant 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: $3.20, $3.150.
Key Resistance Levels: $3.350, $3.450.
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