XRP Price Surges Above $2.250, Aiming for Higher Resistance Levels

XRP Price Analysis

XRP price increased above $2.280 and is currently consolidating near $2.30.
Trading is above $2.250 and the 100-hourly Simple Moving Average.
A bullish trend line supports at $2.270 on the hourly chart.
Further gains are likely unless there is a close below $2.2450.

Price Movement Overview

XRP formed a high at $2.359 before correcting downwards, dipping below $2.320 and $2.30 levels. Support remains at $2.250 and the 76.4% Fib retracement of the move from $2.2195 to $2.359.

Current resistance is observed around $2.3150, with major resistance at $2.350. A move past this level may push the price towards $2.420 and potentially $2.50. The next significant hurdle is $2.620.

Support Levels

Failure to breach $2.3150 could lead to declines, with initial support at $2.270 and major support at $2.250. A close below $2.250 may result in further drops towards $2.220 and $2.20.

Technical Indicators

Hourly MACD indicates bullish momentum.
Hourly RSI is above 50.
Major support levels are $2.270 and $2.250.
Major resistance levels are $2.3150 and $2.350.