XRP Price Increases Over 30%, Trading Near $3.00 Resistance
XRP Price Update
- XRP price has increased over 30%, trading above $2.50.
- Current trading level is above $2.750 and the 100-hourly Simple Moving Average.
- A bullish trend line supports at $2.40 on the hourly chart.
- Key resistance levels are near $3.00 and $3.20.
- If XRP surpasses $3.20, it may target $3.350 and potentially $3.450.
Price Movements
- XRP previously dropped towards $2.00 before rebounding.
- The price surged from $2.20 to test the $3.00 mark.
- Current consolidation is happening after reaching a high of $3.00.
Support Levels
- Initial support is around $2.750.
- Next major support is at $2.620.
- A drop below $2.62 could lead to further decline towards $2.50.
Technical Indicators
- MACD for XRP/USD shows weakening momentum in the bullish zone.
- RSI for XRP/USD is above 50.
