NewsBTC
7 hour ago
1 0

XRP Price Approaches Key Resistance with Potential for Further Gains

XRP Price Analysis

  • XRP is in a recovery phase, trading above $2.150 and the 100-hourly Simple Moving Average.
  • A short-term contracting triangle has formed with resistance at $2.20 on the XRP/USD hourly chart.
  • Key resistance levels are at $2.220 and $2.250; breaking these could push the price to $2.350 or higher.
  • If unable to surpass $2.250, XRP may decline, with support at $2.180 and $2.150.
  • Further declines might lead to $2.10 and then $2.00.

Technical Indicators

  • MACD for XRP/USD is showing bullish momentum.
  • RSI for XRP/USD is above 50, indicating potential upward movement.
  • Support levels: $2.180 and $2.150.
  • Resistance levels: $2.220 and $2.250.

XRP Price