XRP Price Surges Over 5%, Trading Above $2.550 Resistance

XRP price has increased above $2.50, indicating bullish momentum.

Price gained over 5% and surpassed the $2.550 level.
Currently trading above $2.550 and the 100-hourly Simple Moving Average.
A bullish trend line is forming with support at $2.60 on the hourly chart.
The price may continue to rise if it remains above $2.60.

XRP Price Movement

XRP has moved past key resistance levels of $2.42 and $2.45. Recent highs reached $2.875, consolidating above the 23.6% Fib retracement level from a low of $2.332.

Resistance levels include:

$2.8750
$2.92
$3.00
$3.120
$3.200
$3.320

Potential Downside Risks

If XRP does not break past $2.8750, a decline may occur. Initial support is at $2.750, followed by $2.600, close to the 50% Fib retracement level. A close below $2.60 could lead to further declines toward $2.550 and $2.50.

Technical indicators show:

MACD gaining pace in the bullish zone
RSI above 50

Support levels are at $2.750 and $2.60 while resistance levels are at $2.875 and $3.000.