XRP Exceeds $2.50: More?

Over 30% higher, XRP is at $2.20. The price is stabilizing at $2.40 and may rise over $2.50.

XRP hopes to get past $2.00 resistance.
The price is above $2.20 and the 100-hour SMA.
On the hourly XRP/USD chart, a positive trend line connects to $2.08 support.

If it breaks $2.50, the pair may accelerate.
XRP Price Starts Rising Above $2.00

Near $1.500, XRP was supported. After forming a foundation, it rose beyond $1.80, defeating Bitcoin and Ethereum. Above $2.00 and $2.20 resistance levels.

It rose over 30% and crossed $2.50. Price consolidates gains after a $2.51 peak. It fell to $2.30. The upward run from the $1.818 swing low to the $2.510 high fell below the 2.36% Fib retracement line.

The price is above $2.30 and the 100-hour SMA. On the hourly XRP/USD chart, a positive trend line connects to $2.08 support. The trend line approaches the 61.8% Fib retracement level of the $1.818 swing low to $2.510 high upward rise.

Price may find resistance at $2.450 on the upside. Near $2.500 is the first significant obstacle. The next hurdle may be $2.550. A clean break above $2.550 might push the market above $2.650. More advances might push the price toward $2.80 or $2.880. Bulls may see $3.00 as their next significant obstacle.

Yet another setback?

After failing to break $2.50 barrier, XRP may adjust downward. Around $2.350 is first downward support. Near $2.250 is the next key support.

A downward break and closing below $2.250 might push the stock approaching $2.10 support. Near $2.00 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: $2.3000, $2.2000.

Two major resistance levels: $2.5000 and $2.6500.

#XRPReclaimsTop3 #XRPTrends #MarketInTheGreen $XRP