XRP Price Corrects After Surge Above $3.00

XRP price experienced a surge above $2.850, currently correcting while maintaining positive momentum above $3.00.

The price corrected from the $3.220 zone.
It is trading above $3.00 and the 100-hourly Simple Moving Average.
A break occurred below a bullish trend line at $3.150 on the hourly chart (XRP/USD pair).
Potential for a fresh increase exists if the price clears the $3.150 resistance.

XRP Price Movements

XRP rose from $2.650, surpassing both Bitcoin and Ethereum. It reached a high of $3.214 before correcting below the $3.15 level and dipping beneath the 23.6% Fib retracement of its upward move.

Resistance levels to watch include:

$3.085
$3.150
$3.20
$3.220
$3.250
$3.350
$3.450

Downside Risks

If XRP does not surpass the $3.0850 resistance, potential declines could occur. Key support levels are:

$3.00
$2.9350 (50% Fib retracement)
$2.880
$2.750

Technical indicators show the MACD losing momentum and RSI below the 50 level.