๐ Bulls Take Control: XRP Price Soars! ๐ฅ
XRP has surged past $2.950 and is consolidating, with the potential to break above $3.15 soon. ๐ After starting a downtrend from $3.220, the price has managed to stay above $3.020 and the 100-hour SMA, signaling continued strength.
The hourly XRP/USD chart shows a bullish flag pattern, with resistance around $3.10. A breakout above the $3.150 barrier could send the price higher. ๐ฅ
Potential for More Gains ๐ธ
XRP outperformed Bitcoin and Ethereum, breaking through key resistances at $2.95 and $3.00. The price reached $3.214 but recently pulled back. However, it remains above crucial support levels, including $3.020 and the 100-hour SMA. If it clears $3.10, the next targets could be $3.20, $3.25, or even $3.35 and $3.42! ๐ The bulls could aim for $3.50 next.
Watch Out for a Pullback โ ๏ธ
If XRP fails to break $3.10, it may retest support at $3.020. A drop below $2.950 could lead to a deeper decline, with $2.850 and $2.70 being key levels to watch.
Tech Indicators ๐
MACD: Bullish, rising in the positive zone.
RSI: Above 50, indicating continued upward momentum.
๐ Major Support Levels: $3.00, $2.950
๐ฅ Key Resistance Levels: $3.10, $3.150