XRP Price Surges Above $2.150 Amid Strong Bullish Momentum

XRP price is experiencing an upward trend, currently above the $2.120 level with potential for further gains.

Price is consolidating above the $2.150 mark and the 100-hourly Simple Moving Average.
A break occurred above a bearish trend line at $2.190 on the hourly chart of the XRP/USD pair.
If it surpasses the $2.220 resistance, bullish momentum may increase.

XRP Price Movement

The price established support above $2.080 and climbed past $2.120 and $2.150. A peak was reached at $2.2191, followed by a minor correction; however, it remains above the 23.6% Fibonacci retracement level from the recent low to high.

Current trading levels are above $2.180, with resistance expected at $2.220. Further resistances are identified at $2.250 and $2.320. A clear breakout above $2.320 could lead to prices approaching $2.350.

Possible future gains could push the price to $2.40 or $2.450, with $2.50 as a significant resistance level.

Potential Downside Risks

Failure to breach the $2.220 resistance may trigger a decline. Initial support lies at $2.180, with further support near $2.1450 and the 50% Fibonacci retracement level. A drop below $2.1450 may extend losses toward $2.120 and then $2.080.

Technical Indicators

MACD shows bullish momentum for XRP/USD.
RSI is above 50, indicating positive strength.
Major support levels are at $2.220 and $2.250.
Key resistance levels are at $2.1450 and $2.120.