XRP Price Aims to Overcome $2.250 Resistance for Bullish Momentum

XRP price is currently rising from the $2.1250 zone and aims to break the $2.250 resistance for bullish momentum.

XRP price initiated an increase from $2.1250.
Currently trading below $2.250 and the 100-hourly Simple Moving Average.
A bearish trend line forms resistance near $2.2450.
A close above $2.250 may trigger further increases.

XRP Price Outlook

After a correction from the $2.350 resistance, XRP dipped below $2.30 and $2.250. A low was established at $2.1250, with recent moves above $2.150 and $2.180. The price has surpassed the 23.6% Fib retracement of the decline from $2.359 to $2.1250.

The first major resistance stands at $2.250, followed by $2.270 and the 61.8% Fib retracement level. A breakout above $2.270 could lead to targets of $2.320 and potentially $2.350.

Support Levels

If XRP cannot surpass $2.250, it may face declines. Key support levels include:

$2.180
$2.1250
Below $2.080 may lead to further drops toward $2.050 and $2.020.

Technical Indicators

Hourly MACD shows bullish momentum.
RSI is around the 50 level.
Major support levels are $2.180 and $2.1250.
Major resistance levels are $2.250 and $2.270.