XRP Price Eyes Lift-Off as Price Holds Strong — What’s Next?

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 steady increase above $2.150. The price is now consolidating gains and might aim for another increase if it clears $2.250. XRP price started a fresh increase above the $2.20 zone. The price is now trading above $2.180 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.170 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.250. XRP Price Eyes More Gains XRP price started a decent upward move above $2.050 and $2.080, beating Bitcoin and Ethereum . The price gained pace for a clear move above the $2.150 resistance. The bulls even pumped the price above the $2.20 barrier. A high was formed at $2.286 and the price started a short-term downside correction. There was a move toward the 23.6% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high. The price is now trading above $2.180 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.170 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 $2.250 level. The first major resistance is near the $2.280 level, above which the price could rise and test $2.320. A clear move above the $2.320 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50. Another Drop? If XRP fails to clear the $2.250 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.170 level and the trend line. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward $2.050 and the 50% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.9250. 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 – $2.170 and $2.120. Major Resistance Levels – $2.250 and $2.320.