Can XRP Reach a $3,84 All-Time High? Exploring the Potential

XRP is progressively rising above $0.6320. The price is retracing gains after testing $0.7450.

The XRP price started rising over $0.6320 barrier.
The price is above $0.6450 and the 100-hour SMA.

The hourly XRP/USD chart shows a bullish trend line with support at $0.6280.

If it holds over $0.6160, the pair may rise again.

XRP Expects More Gains
The XRP price stayed over $0.600. A base developed and it rose beyond $0.6200. It broke $0.6320 barrier and outperformed Bitcoin and Ethereum in the prior two sessions.

Price rose over $0.7320 before bears emerged. Before a retreat, $0.7488 was a high. Under $0.7200, the price tested $0.700. The upward run from the $0.6419 swing low to the $0.7488 high tested the 50% Fib retracement level.

The price is above $0.6320 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support at $0.6280 is formed.

Price may find resistance at $0.7220 on the upside. Near $0.7480 is the first big resistance. The next hurdle may be $0.7550. A clean break above $0.7550 might push the market toward $0.7780.

More advances might push the price toward $0.7950 or $0.800. $0.8220 may be the next challenge.

Another Drop?

XRP may fall again if it fails to break $0.7220. Initial downside support is $0.6820. Next key support is approaching $0.6670, the 76.4% Fib retracement level of the upward run from $0.6419 swing low to $0.7488 high.

After a negative break and closing below $0.6670, the price may fall toward $0.6160. Near $0.600 is the next important support.

Tech Indicators

Hourly MACD - XRP/USD's bullish MACD is declining.

XRP/USD's hourly RSI is over 50.

Key Support Levels: $0.6820, $0.6670.

Major resistance levels: $0.7220, $0.7450.

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