XRP Price Set to Surge: A New Round of Increase May Begin

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XRP price is fluctuating above the support level of $2.320, showing potential for an upward trend, with a possibility of breaking through $2.50.

Recently, the XRP price has pulled back from $2.50, currently below $2.45 and has broken below the 100-hour simple moving average. On the hourly chart, XRP has broken the bearish trend line, and the current resistance level is at $2.380 (data source: Kraken). If the price maintains above the support level of $2.320, it may trigger a new round of increase.

Technical Indicators

Hourly MACD: The MACD for XRP/USD is currently accelerating in the bullish range.

Hourly RSI: The RSI for XRP/USD is currently holding above 50.

Support Levels: $2.370 and $2.320

Resistance Levels: $2.450 and $2.500

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