XRP Bulls Charge Up — Fresh Gains on the Horizon After Momen
Monnie Brunt OkvK
Updated at: 7 hours ago
{"content":"XRP Bulls Charge Up — Fresh Gains on the Horizon After Momentum Surge
XRP price rose over $3.00. The price is correcting and may find buyers about $2.840.
Above $2.880, XRP price rose again.
The price is above $2.840 and the 100-hour SMA.
On the hourly XRP/USD chart, a bullish trend line with support around $2.880 is formed.
If it remains over $2.840, the pair may rise again.
XRP Maintains Gains
Like Bitcoin and Ethereum, XRP rose after settling over $2.750. The price broke $2.850 barrier.
Bulls just pushed the price over $3.00. Price is correcting after hitting $3.0324 high. Price dropped below $2.90 and surged below the 50% Fib retracement line of the bullish advance from $2.660 swing low to $3.0324 high.
Bulls were aggressive at $2.80 support. On the hourly XRP/USD chart, a bullish trend line with support around $2.880 is formed.
The price is above $2.850 and the 100-hour SMA. Price may find resistance at $2.9450 on the upside. First significant resistance is around $3.00. A clean break over $3.00 might push the stock above $3.080. More advances might push the price toward $3.120 or $3.150. Bulls may face a significant test around $3.20.
Downside Break?
XRP may fall again if it fails to break $2.9450. The trend line and $2.880 level provide first downward support. Near $2.840 is the next important support.
A bearish break and closing below $2.840 might push the price around $2.750. Near $2.650 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD's bullish MACD is declining.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.880, $2.840.
Two major resistance levels are $2.950 and $3.00.
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