🚀 XRP Flexes Strength — Bulls Target Higher Levels Above $
koinmilyoner
Updated at: 15 hours ago
{"content":"🚀 XRP Flexes Strength — Bulls Target Higher Levels
Above $2.950, XRP is rising. The price is stabilizing and may climb over $3.120.
XRP is stabilizing above $2.920 and $2.950.
The price is above $2.950 and the 100-hour SMA.
The hourly XRP/USD chart shows a rising channel with resistance at $3.120.
The pair may rise if it remains over $2.950.
XRP Price May Rise
Unlike Bitcoin and Ethereum, XRP stayed positive after settling over $2.850. The price broke $2.920 and $3.00 barrier.
However, bears were active near $3.120. A high was set at $3.1260, and the price is consolidating gains below the 23.6% Fib retracement line of the latest upward advance from the $2.781 swing low to $3.126 high.
The price is above $2.920 and the 100-hour SMA. Price may find resistance at $3.065 on the upside. Near $3.120 is the first big resistance. On the hourly XRP/USD chart, a rising channel with resistance around $3.120 is formed.
A clean break over $3.120 might push the price above $3.150. More increases might push pricing near $3.20 barrier. The bulls may face a severe test at $3.250.
Another Fall?
If XRP fails to break $3.120, it might fall again. Around $2.990 is first downside support. Near $2.950 is the next important support.
If the price breaks down and closes below $2.950, it may go below the $2.920 support and the 61.8% Fib retracement level of the current upward advance from the $2.781 swing low to the $3.126 high. Bearish momentum may occur below $2.8620, 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: $2.990, $2.920.
Major resistance levels: $3.120, $3.150.
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