XRP Price Consolidates Below $2.250, Eyes Potential Surge

XRP price is experiencing an increase above the $2.150 mark but faces resistance near $2.250.

XRP has climbed past the $2.20 zone.
The price is below $2.250 and the 100-hourly Simple Moving Average.
A breakout occurred over a bearish trend line near $2.2350 on the XRP/USD hourly chart.
A close above $2.250 could lead to further increases.

XRP Price Overview

XRP remains supported above $2.125, surpassing previous resistance levels of $2.150 and $2.20, despite lagging behind Bitcoin and Ethereum.

The price moved above the 23.6% Fib retracement level from its recent high of $2.359 to a low of $2.1250. Current trading is below $2.250, facing potential resistance at this level.

Key resistance levels are:

$2.30 (76.4% Fib retracement)
$2.350
$2.420
$2.450
$2.50
$2.650

Support Levels

If resistance at $2.250 holds, potential declines may lead to:

Initial support at $2.20
Major support near $2.180
Further decline towards $2.120
Support around $2.050

Technical Indicators:

MACD is gaining momentum in the bullish zone.
RSI is above the 50 level.