🔓 XRP Tests Resistance — Will the Breakout Finally Arrive?
XRP is battling over $2.920. The price is rising and may accelerate if it breaks $2.90.
XRP is battling to break $2.920.
The price is above $2.850 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support around $2.8650.
The pair may climb if it remains over $2.850. XRP Price Looking Up
The price of XRP has launched a comeback wave like Bitcoin and Ethereum. Price broke $2.8350 and $2.850 barrier.
Price is trying to break $2.920 resistance. Recently, below $2.90, bearishness returned. Price fell below the 23.6% Fib retracement line of the $2.793 swing low to $2.925 peak upward rise.
The price is above $2.850 and the 100-hour SMA. The hourly XRP/USD chart shows a bullish trend line with support around $2.8650.
If bulls hold $2.850, price may rise again. Price may find resistance at $2.90 on the upside. Near $2.920 is the first big resistance. A clean break over $2.920 might push the market above $2.980. Gains might push the price near $3.00 barrier. The bulls may face a severe test at $3.050.
Another Fall? XRP may fall if it fails to break $2.920. The $2.8650 trend line and level provide first downward support. The next key support is $2.850, the 50% Fib retracement level of the bullish advance from $2.793 swing low to $2.925 high.
A downward break and closing below $2.850 might push the price near $2.80. Bearish momentum may occur below $2.720, the next significant support.
Tech Indicators
Hourly MACD - XRP/USD MACD is rising in the positive zone.
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