XRP Price Surges Over 10% Above $2.25 Resistance Zone

XRP price increased significantly above the $2.25 resistance zone, rising over 10% and potentially targeting a move above the $2.50 resistance zone.

XRP price initiated a fresh increase above the $2.25 zone.
Currently trading above $2.30 and the 100-hourly Simple Moving Average.
A break occurred above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair may continue to rise if it surpasses the $2.475 resistance.

XRP Price Overview

XRP price began an upward movement above the $2.20 level, outperforming Bitcoin and Ethereum. It surpassed both the $2.25 and $2.30 resistance levels.

During this increase, XRP broke above a bearish trend line at $2.215 and exceeded the 61.8% Fibonacci retracement level of the downward wave from the $2.64 swing high to the $1.899 low.

Bears are currently active below the $2.475 level, which aligns with the 76.4% Fibonacci retracement level of the same downward wave.

The price trades above $2.350 and the 100-hourly Simple Moving Average, with potential resistance near $2.45. The primary major resistance is around $2.4750.

The next resistance level is $2.50. A clear breakout above could lead to a target of $2.550. Further gains might push the price toward $2.650 or even $2.720 in the short term, with a major hurdle for bulls at $2.880.

Potential Pullback

If XRP does not clear the $2.475 resistance zone, a decline may occur. Initial support is near $2.280, followed by major support at $2.20.

A downside breach and close below $2.20 could result in further declines toward the $2.080 support, with another significant support level at $2.00.

Technical Indicators

Hourly MACD indicates that XRP/USD is gaining momentum in the bullish zone.

Hourly RSI shows that XRP/USD is above the 50 level.

Major Support Levels: $2.280 and $2.200.

Major Resistance Levels: $2.4750 and $2.6450.