#币安Alpha公布第6批项目
XRP makes a strong comeback! Price surges, can it reach a new historical high?
$XRP The price has recently rebounded somewhat, successfully climbing to the $2.25 range. Now, it is struggling to break through the $2.35 hurdle.
The XRP price previously attempted to break the $2.25 barrier and is now firmly positioned above $2.25 and the 100-hour simple moving average. On the hourly chart of XRP/USD, a bullish trend line has also been drawn, with support at $2.285 (data source: Kraken).
If XRP can break through the resistance at $2.35, the price may soar.
The XRP price recently began a new round of increases above the $2.2 support level, somewhat resembling the trends of Bitcoin and Ethereum. The price has risen significantly above $2.25 and $2.3.
Before the decline, the price even touched the $2.35 level, with a high of $2.348.
Now, the price is trading above $2.25 and the 100-hour simple moving average. On the hourly chart of XRP/USD, there is also a bullish trend line supporting it, located at $2.285.
If it goes up, the price may encounter resistance around $2.32, with the first major hurdle at $2.35, followed by $2.4. If the price can clearly break through the resistance at $2.4, it may continue to push towards the $2.5 level.
Further up, the price may temporarily rise to $2.55 or even $2.65. The next major challenge for the bulls is $2.72.
However, if XRP fails to break the resistance at $2.35, it may decline again. The first support level on the downside is near $2.28 and the trend line, followed by $2.24, which is the 50% Fibonacci retracement level from the low of $2.13 to the high of $2.348.
If the price falls below $2.24 and closes below that level, it may continue to drop to the $2.2 support level, with the next major support level in the $2.05 range.
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