XRP Price Eyes Breakout Above $2.920 Amid Recovery Attempt

XRP is attempting a recovery above the $2.820 level, facing resistance at $2.880 and $2.920.

  • The price is moving higher above $2.80, trading above the 100-hourly Simple Moving Average.
  • A bullish trend line with support at $2.80 is forming on the hourly chart.
  • Resistance levels are near $2.88 and $2.92; surpassing these may push the price toward $2.9880 or $3.020.

XRP Price

Potential Decline

  • If XRP fails to break $2.880, it could decline.
  • Support levels are at $2.820 and $2.80; breaking below $2.80 may lead to further declines towards $2.720 or $2.70.

Technical Indicators:

  • Hourly MACD: Gaining in the bullish zone.
  • Hourly RSI: Above 50.
  • Major Support Levels: $2.80, $2.720.
  • Major Resistance Levels: $2.880, $2.920.