XRP Price Aims Higher: Bulls Prepare
Above $2.320, XRP is consolidating gains. Price is showing promise and may rise beyond $2.50.
A negative correction began at $2.50 for XRP.
The price is below $2.45 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance around $2.380 on the hourly chart.
If it remains over $2.320, the pair may rise again.
XRP Maintains Support
Bitcoin and Ethereum gained while XRP held over $2.30. The price rose beyond $2.45 and tested $2.50 before falling.
After a $2.32 low, the price is climbing. Price rose over $2.40. Price crossed the 23.6% Fib retracement level of the latest fall from $2.507 swing high to $2.32 low. XRP/USD broke above a negative trend line with resistance around $2.380 on the hourly chart.
The price is below $2.45 and the 100-hour SMA. Upside, the price may find resistance at $2.45 or the 61.8% Fib retracement level of the current slide from the $2.507 swing high to the $2.32 low.
Near $2.50 is the first big resistance. $2.55 is next resistance. A clean break over $2.55 might push the price above $2.680.
More advances might push the price toward $2.720 or $2.750. The bulls may face $2.880 next.
Another Fall?
XRP may fall again if it fails to break $2.45. The downside has first support at $2.370. Near $2.320 is the next important support.
A downward break and closing below $2.320 might push the price near $2.20. Near $2.120 is the next key 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: $2.370, $2.320.
Two major resistance levels: $2.450 and $2.500.
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