XRP price has risen over 25% and broken through the support area of $1.00. If it breaks through the resistance area at $1.1380, the price may accelerate upward.
XRP price has started to rise strongly above the resistance level of $0.880.
The current price is above $1.00 and the 100-hour simple moving average.
On the hourly chart of XRP/USD, it broke through the connecting bearish trendline, with resistance at $1.050 (data from Kraken).
If the currency pair remains above the support area of $1.00, it may begin to rise again.
XRP price has risen over 50%
XRP price remains supported above $0.700. It has formed a base and started a strong rise above $0.8800. It has outperformed Bitcoin and Ethereum, soaring over 50%.
Before the bears appeared, the price even climbed above $1.00. Before the pullback, the price formed a high at $1.2747. The price fell below $1.150 and tested $1.100. It tested the support level at $1.00. The low formed at $0.9988, and the current price is rising.
It broke through the resistance level of $1.050. Additionally, on the hourly chart of XRP/USD, it broke through the resistance level of the connecting bearish trendline (resistance level at $1.050).
The current price is trading above $1.050 and the 100-hour simple moving average. From an upward perspective, the price may face resistance near $1.1380. It is close to the 50% Fibonacci retracement level of the downward move from the high of $1.2747 to the low of $0.9988.
The first major resistance level is near $1.200, as well as the 76.4% Fibonacci retracement level of the downward move from the high of $1.2747 to the low of $0.9988.
The next key resistance level may be $1.250. If it breaks clearly above the resistance level of $1.250, the price may drop toward the resistance level of $1.320. If the price rises further, it may drop toward the resistance level of $1.3850 in the short term, or even $1.40. The next major resistance level may be $1.50.
Is there a limit to the decline?
If XRP fails to break through the resistance area at $1.1380, it may begin a downward correction. The initial support level on the downside is near $1.050. The next major support level is near $1.00.
If a downward break occurs and closes below $1.00, the price may continue to fall in the short term to the support level of $0.9320. The next major support level is near the $0.880 area.
