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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.

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.