XRP Price Surges Above $2.20, Aiming for $2.30 Resistance

XRP price is currently consolidating above the $2.20 resistance level, with potential for further gains.

XRP increased above the $2.20 zone and is trading above the 100-hourly Simple Moving Average.
A key bearish trend line was broken at $2.20 on the hourly chart of the XRP/USD pair.
If it fails to surpass $2.30, a decline may occur.

Price Movement

The price stabilized above the $2.020 support, moving past both $0.2120 and $0.220 levels. The upward movement has cleared the 50% Fibonacci retracement level from the recent swing high of $2.3540 to a low of $2.2081.

Current resistance levels are:

First major resistance near $2.30
Next resistance at $2.320
Potential target toward $2.350 and beyond to $2.3650 or $2.3850
Major hurdle at $2.40

Possible Decline

If XRP cannot break through $2.30, initial support levels are around:

$2.220
$2.20
A close below $2.20 could lead to further declines toward $2.150 and then $2.120

Technical Indicators

MACD is gaining momentum in the bullish zone.
RSI is above the 50 level.