XRP Price Consolidates Above $2.35, Eyes Break Above $2.50

XRP Price Analysis

  • XRP is consolidating above $2.35, with potential for further gains beyond $2.50.
  • Price rose from $2.120, surpassing $2.35 and the 100-hourly Simple Moving Average.
  • A breakout occurred above a contracting triangle at $2.33 on the hourly XRP/USD chart.
  • The current price is $2.478, facing resistance near $2.480 and $2.50.
  • If it surpasses $2.50, targets could be $2.550, $2.650, and potentially $2.720.

XRP Price

Potential Decline

  • If XRP fails to break $2.50, it may fall back.
  • Initial support is at $2.420, with major support at $2.3550.
  • A drop below $2.3550 could lead to $2.30 or even $2.250.

Technical Indicators

  • Hourly MACD is gaining in the bullish zone.
  • Hourly RSI is above 50, indicating upward momentum.
  • Key support levels: $2.420, $2.3550.
  • Key resistance levels: $2.480, $2.50.