XRP Price Consolidates Gains Above $2.250, Eyes $2.320 Resistance
XRP Price Analysis
- XRP price is increasing, trading above $2.250 and the 100-hourly Simple Moving Average.
- A bullish trend line has formed with support at $2.270 on the hourly chart.
- Resistance is noted at $2.320; clearing this level may lead to further gains.
- Recent high reached $2.3294, consolidating above the 23.6% Fib retracement level from $2.2250 to $2.3294.
Potential Resistance Levels
- $2.350 and $2.40 are critical resistance points.
- Further increases could target $2.420, $2.480, or $2.50.
- The next significant hurdle is around $2.550.
Support Levels
- Initial support near $2.2750 and $2.250.
- A break below $2.250 may decline towards $2.220.
- Next major support found at the $2.20 zone.
Technical Indicators
- MACD shows bullish momentum for XRP/USD.
- RSI is above 50, indicating strength in the upward movement.
