XRP Price Corrects After Rising Above $2.920 Resistance
XRP price has increased, surpassing the $2.920 resistance but is now correcting gains.
- Struggling to clear the $3.00 resistance.
- Currently trading above $2.920 and the 100-hourly Simple Moving Average.
- Broke below a bullish trend line with support at $2.9650 on the hourly chart.
- Potential for further increases if it remains above the $2.920 zone.
XRP Price Support Analysis
Price maintained above $2.8320, increasing past the $2.920 and $2.950 levels, even reaching a high of $3.0365. It is now correcting below the 23.6% Fib retracement level from $2.794 to $3.036.
If $2.920 support holds, another increase may occur. Potential resistances are:
- $2.980
- $3.00
- $3.0350
- $3.120
- $3.150
Downside Risks
If XRP does not break through $3.00, it could decline. Key support levels include:
- $2.9350
- $2.920
- $2.860
- $2.850
Technical indicators show the MACD is losing momentum in the bullish zone, and the RSI is near 50.