XRP Price Consolidates Above $2.080 Amid Resistance Near $2.150

XRP Price Update

XRP price increased above $2.050 and is consolidating above $2.080.
Current trading is above the 100-hourly Simple Moving Average.
A bullish trend line has formed with support at $2.080.
Resistance levels are at $2.10, $2.120, and $2.150.

XRP initially rose above $2.10, reaching a high of $2.139 before experiencing a correction, dipping below key support levels of $2.10 and $2.080. However, the bulls maintained support at the 76.4% Fibonacci retracement level.

Future movement could see XRP face resistance near $2.150. A breakthrough here may push the price to $2.20, $2.220, or even $2.250. The next significant hurdle for bulls is $2.350.

If XRP fails to surpass the $2.10 resistance, it may decline further. Initial downside support is at $2.080, followed by major support near $2.060 and $2.00 if the price drops below $2.060.

Technical Indicators

Hourly MACD shows a loss of bullish momentum.
Hourly RSI is below 50.
Major support levels are at $2.080 and $2.060.
Major resistance levels are at $2.10 and $2.120.