XRP Price Targets $2.60 Resistance Amid Recovery Wave

XRP is experiencing a price recovery, moving above the $2.50 mark and the 100-hourly Simple Moving Average.

  • Current resistance is around $2.60, with a bearish trend line on the hourly chart.
  • A breakthrough above $2.60 could lead to further gains, potentially reaching $2.720 or higher.

Resistance Levels

  • $2.60 - Key trend line resistance
  • $2.660 - Near the 76.4% Fib retracement level
  • $2.750 and $2.80 - Potential targets if gains continue

XRP Price

Support and Downside Risks

  • If unable to break $2.60, XRP might decline.
  • Initial support levels are $2.50 and $2.420.
  • Further decline could see prices drop to $2.320 or $2.250.

Technical Indicators

  • MACD is gaining in the bullish zone.
  • RSI is above 50, indicating current strength.
  • Major support levels: $2.50 and $2.420
  • Major resistance levels: $2.60 and $2.660