XRP Price Explodes Higher, Unstoppable Rally Captures Trader Attention
Analysis
Price Impact
HighXrp has experienced a significant price surge, breaking above major resistance levels like $2.00 and $2.10. the article highlights an 'unstoppable rally' and strong bullish momentum.
Trustworthiness
HighThe source explicitly states a 'strict editorial policy that focuses on accuracy, relevance, and impartiality,' 'created by industry experts and meticulously reviewed,' and adheres to 'the highest standards in reporting and publishing,' justifying high trustworthiness.
Price Direction
BullishThe price is trading above $2.10 and the 100-hourly simple moving average. a bullish trend line is forming, macd is gaining pace in the bullish zone, and rsi is above 50. key resistance at $2.1650 and $2.20 are targets for further upside.
Time Effect
ShortThe analysis is based on hourly charts, immediate support/resistance levels, and short-term technical indicators (100-hourly sma, hourly macd, hourly rsi), indicating a focus on near-term price movements.
Original Article:
Article Content:
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 strong increase above $2.00. The price is now consolidating gains and might aim for more gains above the $2.165 zone. XRP price started a fresh increase above the $2.00 zone. The price is now trading above $2.10 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.070 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.20. XRP Price Regains Traction XRP price started a decent upward move above $2.00 and $2.020, like Bitcoin and Ethereum . The price gained pace for a clear move above the $2.10 resistance. The bulls even pumped the price above the $2.150 zone. A high was formed at $2.165 and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $1.983 swing low to the $2.165 high. The price is now trading above $2.10 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.070 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 $2.1650 level. The first major resistance is near the $2.180 level, above which the price could rise and test $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance. The next major hurdle for the bulls might be near $2.350. Downside Correction? If XRP fails to clear the $2.1650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.120 level. The next major support is near the $2.070 level or the 50% Fib retracement level of the upward move from the $1.983 swing low to the $2.165 high. If there is a downside break and a close below the $2.070 level, the price might continue to decline toward $2.020. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.9650. 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 – $2.10 and $2.070. Major Resistance Levels – $2.1650 and $2.20.