XRP Price Surges Above $2.150, Eyes $2.350 Resistance

XRP price has found support at $2.120 and is currently increasing, with potential to surpass the $2.350 resistance level.

XRP started rising above $2.150.
Trading is above $2.150 and the 100-hourly Simple Moving Average.
A bullish trend line with support at $2.30 has formed on the hourly chart.
A close above $2.350 may trigger further increases.

XRP Price Movement

The price increased past $2.150 and $2.220, with a high of $2.330. It is consolidating gains above the 23.6% Fib retracement level from the swing low of $2.106.

Current trading levels are above $2.250. Resistance is anticipated at $2.330 and $2.350, with additional resistance at $2.420. A breakout above $2.420 could lead to a rise toward $2.50 or $2.550, with a major hurdle at $2.750.

Possible Decline

If XRP does not break through $2.350, it may decline. Initial support is at $2.30, followed by $2.220. A drop below $2.220 could push the price down to $2.150, with further support at $2.120.

Technical Indicators:

Hourly MACD indicates bullish momentum.
Hourly RSI is above 50.
Major support levels are $2.300 and $2.250.
Major resistance levels are $2.330 and $2.350.