XRP Price Surges Above $2.220 Resistance, Eyes $2.250 Level

XRP price has initiated an upward trend, surpassing the $2.220 resistance level and currently consolidating above this mark.

XRP price is trading above $2.220 and the 100-hourly Simple Moving Average.
A bullish trend line is forming with support at $2.185 on the hourly chart of the XRP/USD pair.
A potential increase is possible if the price clears the $2.250 resistance zone.

XRP Price Stability

The price remains stable above the $2.050 support, outperforming Bitcoin and Ethereum. It reached a high of $2.2816 but is now correcting below the $2.250 level, which is also below the 50% Fibonacci retracement of the recent upward move.

Current trading is above $2.20, supported by the bullish trend line at $2.185, near the 61.8% Fibonacci retracement level. Resistance levels include:

$2.2320
$2.250
$2.2850
$2.320
$2.350
$2.380
$2.40

Potential Downside

If XRP does not break through the $2.25 resistance, it may decline. Key support levels are:

$2.20
$2.1850
$2.150
$2.120

Technical indicators show the MACD for XRP/USD losing momentum in the bullish zone and the RSI below the 50 level.