XRP Price Surges Over 5% Aiming for Break Above $2.820
XRP Price Update
- XRP price increased over 5% from the $2.50 support level.
- Current trading above $2.650 and the 100-hourly Simple Moving Average.
- Break above bearish trend line at $2.620 observed on the hourly chart.
- Potential for further increase if it surpasses $2.750 resistance.
The price is approaching key resistance levels:
- $2.80 is the first major resistance.
- $2.820 and $2.880 follow as potential targets.
- A clear break above $2.820 might lead to a rise towards $2.920 or $2.950.
- Further gains could see the price approach $3.00.
Downside Risks
- Failure to clear $2.750 may trigger a decline.
- Initial support around $2.650; next support near $2.60.
- A close below $2.60 could result in a drop to $2.550 or lower.
Technical Indicators
- MACD is gaining momentum in the bullish zone.
- RSI is above the 50 mark.