XRP Price Consolidates Gains, Eyes Resistance Above $3.080

XRP Price Movement

XRP is facing resistance near $3.080 after recent gains.
Currently trading below $3.060 and the 100-hourly SMA.
A key bullish trend line was broken with support at $3.080 on the hourly chart (Kraken data).
The price remains above the crucial $3.00 level, indicating potential for further rise.

XRP Price Outlook

XRP maintained its position above $3.00, surpassing Bitcoin and Ethereum, reaching highs above $3.150. A correction followed, with a dip below the 50% Fib retracement from $2.9365 to $3.186.

XRP Price Chart

Despite trading under $3.060, bulls are defending the $3.00 support. Further upward movement could target resistances at $3.0620 and $3.120. Overcoming these may push XRP towards $3.180 and potentially $3.250.

Potential Downside

If unable to breach $3.0620, XRP may decline.
Key supports are at $3.00 and $2.9350.
A break below $2.9350 could lead to a drop to $2.90, with further support at $2.880.

Technical Indicators

Hourly MACD: Losing momentum in the bullish zone.
Hourly RSI: Below the 50 mark.
Major Supports: $3.00, $2.9350.
Major Resistances: $3.0620, $3.120.