XRP has achieved significant growth, surpassing resistance levels at $1.15 and $1.20, with a 25% price increase. Experts predict the price could continue rising, breaking the key $1.42 resistance level.
Strong Growth Outpaces Ethereum and Bitcoin
XRP has started a robust rally, breaking through the $1.20 resistance level and outperforming Ethereum and Bitcoin in recent trading sessions. On the hourly XRP/USD chart, there was a breakout above the key bearish trend line with resistance near $1.14. The price peaked at $1.4161 and is now consolidating gains.
Currently, XRP is trading above $1.30 and the 100-hour simple moving average, indicating a sustained bullish trend.
Potential for Further Growth
Technical analysis suggests XRP could face resistance near $1.40, with major resistance at $1.42. A clear break above this barrier could lead to:
$1.50 as the next major resistance level.
Additional gains could push the price toward $1.62.
A key obstacle for bulls lies between $1.75 and $1.80.
Risk of Correction: Key Support Levels
If XRP fails to clear the resistance zone at $1.42, a correction to lower levels could follow. Key support levels include:
$1.3350 as the initial support.
Another critical support level at $1.2850.
A drop below this level could result in a decline toward $1.24 or the 50% retracement level of the move from the $1.0649 low to the $1.4161 high.
Technical Indicators
Hourly MACD: Currently gaining momentum in the bearish zone.
Hourly RSI: Stays above 50, signaling a prevailing bullish trend.
Conclusion: XRP has experienced significant growth, but its next moves depend on breaking the $1.42 resistance level. If bulls maintain control, the price could rise toward historic highs. On the other hand, if a correction occurs, key support levels will play a critical role in stabilizing the price.
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