NewsBTC
Mar 24, 2025
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XRP Price Starts Recovery Above $2.320, Eyes $2.4650 Resistance

1 min

XRP is experiencing a recovery wave with the following key points:

  • Price has risen above $2.250 and $2.320 resistance levels.
  • Currently trading above $2.350 and the 100-hourly Simple Moving Average.
  • Break occurred above a bearish trend line at $2.40 on the hourly chart.
  • Potential upward movement if it clears the $2.4650 resistance zone.

Price Outlook

XRP price could face resistance near $2.450, with major resistance at $2.4650, which aligns with the 50% Fib retracement level of a previous downward move. Further resistance levels include:

  • $2.50
  • $2.550
  • $2.650
  • $2.80

Downside Risks

If XRP does not surpass $2.4650, it may decline. Key support levels are:

  • Initial support at $2.400
  • Next major support at $2.350
  • Further support at $2.320 and $2.250

Technical indicators show a bullish MACD and RSI above 50, indicating potential for further gains.