XRP Price Pauses Upside Momentum While BTC and ETH Accelerate Their Recovery
Analysis
Price Impact
MedXrp is consolidating recent gains above key support levels ($2.20, $2.180) after a steady increase. while its upside momentum has paused compared to btc and eth, it shows potential for further price appreciation if it clears major resistance levels, particularly $2.280.
Trustworthiness
HighThe news source explicitly states a strict editorial policy focusing on accuracy, relevance, and impartiality, created by industry experts, and meticulously reviewed, adhering to the highest standards in reporting and publishing.
Price Direction
BullishDespite a pause, xrp is holding ground above a bullish trend line and key support levels. technical indicators (rsi above 50) and the potential to clear resistances like $2.280 suggest a continued upward trajectory, aiming for $2.350, $2.450, and potentially $2.550.
Time Effect
ShortThe analysis focuses on hourly chart data, immediate support and resistance levels, and short-term technical indicators (hourly macd, hourly rsi), indicating relevance for near-term trading decisions.
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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 $2.20. The price is now consolidating gains and might aim for another increase if it clears $2.280. XRP price started a fresh increase above the $2.220 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.280. XRP Price Holds Ground XRP price started a decent upward move above $2.10 and $2.120, beating Bitcoin and Ethereum . The price gained pace for a clear move above the $2.20 resistance. The bulls even pumped the price above the $2.220 zone. A high was formed at $2.286 and the price started a short-term downside correction, but ETH and BTC rallied. There was a move below 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 $2.20 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.180 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 $2.2650 level. The first major resistance is near the $2.280 level, above which the price could rise and test $2.350. A clear move above the $2.350 resistance might send the price toward the $2.450 resistance. Any more gains might send the price toward the $2.50 resistance. The next major hurdle for the bulls might be near $2.550. Another Pullback? If XRP fails to clear the $2.280 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.180 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 losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.180 and $2.050. Major Resistance Levels – $2.280 and $2.350.