XRP Price Gains Traction — Buyers Pile In Ahead Of Key Technical Breakout

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a fresh increase above $2.45. The price is now showing positive signs and might rise further if it clears the $2.680 resistance. XRP price is attempting a fresh increase above the $2.50 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.680 resistance. XRP Price Eyes Steady Increase XRP price formed a base above $2.320 and started a fresh increase, like Bitcoin and Ethereum . The price surpassed the $2.380 and $2.450 resistance levels. The bulls were able to push the price above $2.50 and $2.55. A high was formed at $2.668 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $2.327 swing low to the $2.668 high. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.580 on the hourly chart of the XRP/USD pair. Source: XRPUSD on TradingView.com If there is a fresh upward move, the price might face resistance near the $2.660 level. The first major resistance is near the $2.680 level, above which the price could rise and test $2.750. A clear move above the $2.750 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.920 resistance. The next major hurdle for the bulls might be near $2.950. Are Dips Supported? If XRP fails to clear the $2.680 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.60 level. The next major support is near the $2.580 level. If there is a downside break and a close below the $2.580 level, the price might continue to decline toward $2.50 or the 50% Fib retracement level of the recent wave from the $2.327 swing low to the $2.668 high. The next major support sits near the $2.450 zone, below which the price could continue lower toward $2.40. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.60 and $2.580. Major Resistance Levels – $2.660 and $2.680.