NewsBTC
13 March 2025
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XRP Price Shows Recovery Signs Above $2.150 Resistance Level

XRP price is recovering, trading above the $2.00 mark and showing potential to breach the $2.250 resistance.

  • Price has risen above the $2.120 resistance level.
  • Current trading level is above $2.150 and the 100-hourly Simple Moving Average.
  • A bullish trend line is forming with support at $2.188 on the hourly chart of the XRP/USD pair.
  • If it surpasses the $2.250 resistance, further upward movement is likely.

XRP Price Movement

XRP started its recovery from the $1.90 area, successfully overcoming key resistance levels including $2.00 and $2.050. It moved past the 50% Fibonacci retracement of the previous downward wave.

Current resistance is seen near $2.250, which aligns with the 76.4% Fibonacci retracement. The next major resistance levels are set at $2.365 and $2.450, with potential for upward movement toward $2.50 or $2.650.

XRP Price

Potential Decline

If XRP does not clear the $2.250 resistance, it may decline. Major support levels are at $2.188 and $2.120. A significant drop below $2.120 could lead to further declines towards the $2.050 or even $2.00 support zones.

Technical Indicators:

  • Hourly MACD is gaining momentum in the bullish zone.
  • Hourly RSI is above the 50 level.
  • Major Support Levels: $2.180 and $2.120.
  • Major Resistance Levels: $2.250 and $2.350.