XRP Price Remains Strong: Possible Uptrend?
XRP is stabilizing at $1.450. Positive signals suggest the price may shortly break $1.50.
XRP hopes to get over $1.465 barrier.
The price is above $1.450 and the 100-hour SMA.
XRP/USD broke above a negative trend line with resistance around $1.4580 on the hourly chart.
The pair may gather momentum if it breaks $1.500.
Holding gains over $1.40, XRP
Near $1.30, XRP was supported. It developed a base and lately rose like Bitcoin and Ethereum. Above $1.3550 and $1.3750 barrier levels.
XRP/USD broke above a negative trend line with resistance around $1.4580 on the hourly chart. The couple broke $1.50. The price has set a high at $1.5238 and is stabilizing at the 23.6% Fib retracement level of the upward run from the $1.2828 swing low.
The price is above $1.45 and the 100-hour SMA. The price may find resistance at $1.500 on the upside. First significant resistance is about $1.5250.
The next hurdle may be $1.550. A clean break over $1.550 might push the price above $1.5850. More advances might push the price toward $1.600 or $1.620. Bulls may face $1.650 or $1.6550 next.
Another Fall?
If XRP fails to break $1.500, it may fall. Initial downward support is about $1.4300. The next key support is $1.40, the 50% Fib retracement level of the bullish advance from $1.2828 swing low to $1.5238 high.
If the price breaks down and closes below $1.40, it may fall toward $1.3750. Near $1.350 is the next key support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $1.4300, $1.4000.
Major resistance levels: $1.5000, $1.5250.
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