XRP Price Rises Above $2.50, Faces Key Resistance at $2.6880

XRP is experiencing an upward trend, currently trading above $2.50 and the 100-hour Simple Moving Average.

Recent price increase saw XRP surpass $2.50 and $2.550 levels.
A bullish trend line with support at $2.60 is forming on the hourly chart.
XRP could rise further if it breaks the $2.6880 resistance level.

XRP Price Outlook

The price has moved past resistance at $2.420 and $2.50, with a recent high of $2.6972. It is now consolidating above the 23.6% Fib retracement level from the $2.327 low to the $2.6972 high.

If the uptrend continues, XRP may encounter resistance near $2.650 and then $2.6880. A breakthrough could target $2.70, with potential gains up to $2.7650 or even $2.80. The next major hurdle could be around $2.880.

Potential Downside

Failure to clear $2.6880 might result in a decline. Initial support is at $2.60, followed by $2.5650. A break below this could drive the price toward $2.5120 and possibly $2.4680.

Technical Indicators:

MACD: Losing momentum in the bullish zone.
RSI: Above 50, indicating bullish strength.
Support Levels: $2.60, $2.580.
Resistance Levels: $2.650, $2.6880.