XRP Price Holds Strong, Expecting More Rise

Above $1.050, XRP is consolidating gains. Price may shortly rise over $1.180 barrier.

XRP rose over $1.080 barrier again.

The price is above $1.0850 and the 100-hour SMA.

The XRP/USD pair is building a positive trend line with support around $1.100 on the hourly chart. If the pair maintains above $1.00, bullish momentum may emerge.

XRP Price Goals The XRP price has just begun to rise after forming a base over $1.00. It surpassed $1.050 and $1.080 barrier levels to beat Bitcoin and Ethereum.

The price rose over the 50% Fib retracement of the loss from $1.2745 swing high to $0.9988 low. Bulls even broke $1.150 resistance before bears intervened. The price apparently encountered resistance at $1.170.

The 61.8% Fib retracement level of the $1.2745 swing high to $0.9988 low is a challenge. However, the hourly XRP/USD chart shows a positive trend line with support at $1.100.

The price is above $1.080 and the 100-hour SMA. Price may find resistance at $1.1680 on the upside. First big resistance is about $1.200.

The next hurdle may be $1.2740. A decisive break above $1.2740 might push the market over $1.3220. More advances might push the price beyond $1.3500 or $1.3620. The next challenge may be $1.450.

Dips supported?

If XRP fails to break $1.1680, it may fall. Initial downside support is between $1.100 and the trend line. Near $1.060 is the next important support.

If the price breaks down and closes below $1.060, it may fall toward $1.000. Near $0.980 is the next important 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: $1.1000, $1.0600.

Major resistance levels: $1.1700, $1.2000.

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