XRP Price Surges Above $2.30 Amid Bullish Market Trends

The XRP price has experienced a strong increase, surpassing the $2.30 mark and currently consolidating gains.

XRP's price rose above the $2.250 zone and is trading above $2.220 with support from the 100-hourly Simple Moving Average.
A bullish trend line with support at $2.210 is present on the hourly chart.
XRP may continue to rise if it maintains above the $2.330 resistance level.

The price corrected after reaching a high of $2.416, dipping below $2.35 and $2.30, but found support near $2.20. It is now attempting a fresh upward move.

Resistance levels are noted at $2.30 and $2.330, with potential to test $2.40 if surpassed.
A move above $2.40 could target the $2.420 and $2.450 resistance levels, with $2.50 being a significant hurdle.

XRP Price

Potential Downside

If XRP fails to break $2.330, a decline might start with initial support at $2.220, followed by $2.20.
A fall below $2.20 could lead to further declines towards $2.1550 and possibly $2.080.

Technical Indicators:

Hourly MACD: Losing pace in the bullish zone.
Hourly RSI: Below the 50 level.
Major Support Levels: $2.220 and $2.20.
Major Resistance Levels: $2.330 and $2.40.