#ReboundRally
Over the $2.25 and $2.30 levels.
The price even tested the $2.35 level before the bears appeared.
A high was formed at $2.348 and the price is now consolidating gains.
There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.
The price is now trading above $2.25 and the 100-hourly Simple Moving Average.
There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance near the $2.32 level.
The first major resistance is near the $2.35 level. The next resistance is $2.40.
A clear move above the $2.40 resistance might send the price toward the $2.50