XRP price breaks through $2.5, can it rise further?
#xrp #XRPUSDT
Hey, everyone, take a look at XRP, this price has directly soared over 30%, now it's at $2.2, still hovering around $2.4, $2.5 isn't a dream!
Before, we were worried about breaking the $2 barrier, but it seems that was unnecessary.
Now the price is firmly standing above $2.2 and the 100-hour moving average (data provided by Kraken). Looking at the hourly chart of XRP/USD, there is a bullish trend line, with support at $2.08.
If it really breaks through $2.5, it will continue to rise!
XRP has started to gain momentum
Previously, XRP held steady around $1.5, laying a good foundation, and recently began to surge upwards, breaking through resistance levels of $1.8, $2, and $2.2 one by one.
This price has risen over 30%, even touching a high of $2.51, and is now consolidating its gains. It slightly retraced, testing the $2.3 level. But don’t worry, this is just a 2.36% Fibonacci retracement of the rise from $1.818 to $2.51.
The price is still above $2.3 and the 100-hour moving average. The hourly chart of XRP/USD also shows a bullish trend line, with support at $2.08. This trend line is quite close to the 61.8% Fibonacci retracement of the rise from $1.818 to $2.510.
How much more can XRP rise?
If it goes up, there might be slight resistance around $2.45. The first major resistance level is at $2.5. If it gets past this hurdle, $2.55 will be another challenge. If it breaks through $2.55, it might just head for $2.65. If it continues to rise, $2.8 and $2.88 are not out of reach, and the $3 barrier is waiting for us to challenge it!
But we also need to be cautious about retracement
If XRP can't break through $2.5, it may have to retrace a bit. The first support level is at $2.35. Further down is $2.25.
If it breaks below $2.25, it might drop to $2.1. The next support level is around $2.
As for the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, expecting a growth space of over 10 times is not a problem. If you want to make big money in a bull market, like + leave a message, and I'll take you to layout for the whole bull market!
