XRP Price Turns Stronger — Breakout Momentum Building Fast

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 recovery wave above $1.40 and $1.4050. The price is now consolidating and might aim for a fresh move above $1.420. XRP price started a recovery wave above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.420. XRP Price Aims Steady Gains XRP price remained supported above $1.3680 and started a recovery wave, like Bitcoin and Ethereum . The price was able to climb above $1.3950 and $1.40 to enter a short-term positive zone. There was also a move above the 50% Fib retracement level of the downward move from the $1.4423 swing high to the $1.3668 low. Besides, there was a break above a bearish trend line with resistance at $1.380 on the hourly chart of the XRP/USD pair. The bulls even pushed the price above $1.4050 but they struggled near $1.4140. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.4140 level or the 61.8% Fib retracement level of the downward move from the $1.4423 swing high to the $1.3668 low. Source: XRPUSD on TradingView.com The first major resistance is near the $1.420 level.  A close above $1.420 could send the price to $1.4295. The next hurdle sits at $1.4420. A clear move above the $1.4420 resistance might send the price toward the $1.4650 resistance. Any more gains might send the price toward the $1.50 resistance. Another Drop? If XRP fails to clear the $1.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3920 level and the same trend line. The next major support is near the $1.3840 level. If there is a downside break and a close below the $1.3840 level, the price might continue to decline toward $1.3680. The next major support sits near the $1.350 zone, below which the price could continue lower toward $1.3120. 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 – $1.3920 and $1.3840. Major Resistance Levels – $1.4200 and $1.4295.