XRP Bulls Poised – $3.12 Break Might Start Strong Upswing

XRP is showing positive momentum after overcoming the $3.020 resistance level.

  • The price has risen from the $2.980 support zone and is now trading above $3.020, aligning with the 100-hourly Simple Moving Average.
  • A break occurred above a rising channel with resistance at $3.070 on the hourly XRP/USD chart.
  • If XRP surpasses the $3.120 resistance, it could rise towards $3.20 and possibly $3.2320 or $3.250.
  • Technical indicators show the MACD in the bullish zone and RSI above 50.

XRP Price

Potential Decline

  • If XRP fails to cross $3.120, it may decline, finding initial support near $3.070 and further at $3.040.
  • A drop below $3.040 could lead to a fall towards $3.00 or even $2.980, indicating potential bearish momentum.