XRP Price Targets $2.250 Resistance Amid Bullish Trend

XRP is experiencing a price increase, currently trading above the $2.180 mark and the 100-hourly Simple Moving Average.

A bullish trend line supports XRP at $2.170 on the hourly chart from Kraken data.
The price could rise further if it surpasses the $2.250 resistance level.

Current Market Dynamics

XRP's price rose above $2.150, outperforming Bitcoin and Ethereum. The bulls pushed the price to a high of $2.286 before a minor correction.

If XRP continues its upward trajectory, potential resistance levels include $2.280 and $2.320, with major hurdles at $2.420 and $2.450. A breakthrough beyond $2.50 would further strengthen the bullish outlook.

XRP Price

Potential Decline

If XRP fails to breach the $2.250 resistance, it might decline again. Key support levels are at $2.170 and $2.120. A drop below $2.120 could lead to further declines toward $2.050 and possibly as low as $1.9250.

Technical Indicators

Hourly MACD indicates bullish momentum for XRP/USD.
Hourly RSI is above 50, suggesting strength in the current trend.
Major support levels: $2.170 and $2.120.
Major resistance levels: $2.250 and $2.320.