XRP Price Tests $3.00 Resistance After 5% Increase
XRP Price Update
- XRP price increased over 5%, testing the $3.00 resistance.
- Current trading is above $2.90 and the 100-hourly Simple Moving Average.
- A bullish trend line shows support at $2.930 on the hourly chart.
- Price may rise if it remains above the $2.860 zone.
XRP has maintained levels above $2.850, surpassing both $2.880 and $2.90 resistance points. It peaked at $2.994 and is now consolidating gains.
- Above $2.930, there is potential for further increases.
- Resistance levels to watch: $2.980 and $3.00; breaking $3.00 could lead to $3.050 and $3.120.
If XRP fails to breach the $2.980 level, it may decline. Key support levels include:
- $2.930
- $2.8920 (50% Fib retracement)
- $2.860
Technical indicators show a weakening bullish momentum with MACD losing pace and RSI above 50.