XRP Price Challenges: Can Bulls Win?

XRP recovered and rose over $2.25. The price is trying to break $2.350.

XRP is trying to break $2.250 barrier.

The price is above $2.25 and the 100-hour SMA.

On the hourly XRP/USD chart, a positive trend line connects to $2.285 support.

The pair may rise if it breaks $2.350 barrier.

XRP Price Struggles

Like Bitcoin and Ethereum, XRP rose beyond $2.20. Above $2.25 and $2.30, prices rose.

The price tested $2.35 before bears emerged. Price is holding gains after hitting $2.348. A slight dip occurred below the 23.6% Fib retracement level of the $2.130 swing low to $2.348 high upward rise.

The price is above $2.25 and the 100-hour SMA. On the hourly XRP/USD chart, a positive trend line connects to support at $2.285.

Price may find resistance at $2.32 on the upside. Near $2.35 is the first substantial resistance. The next hurdle is $2.40. A clean break over $2.40 might push the market above $2.50.

More advances might push the price toward $2.550 or $2.650. The bulls may face $2.720 next.

Another Fall?

XRP may fall again if it fails to break $2.350. The trend line and $2.28 provide first negative support. The next key support is $2.240, the 50% Fib retracement level of the bullish advance from $2.130 swing low to $2.348 high.

If the price breaks down and closes below $2.240, it may fall near $2.20. Near $2.050 is the next important support.

Tech Indicators

Hourly MACD on XRP/USD is falling in the negative zone.

XRP/USD's hourly RSI is over 50.

Major Support Levels: $2.280, $2.240.

Two major resistance levels: $2.350 and $2.40.

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