Recently, the price of XRP has started to gradually rise above $1.90, looking like it is about to begin a new round of increases. However, the current price is facing a bit of trouble: it is difficult to break through the resistance level of $1.950. If it cannot break through, the price may fall back to around $1.90 in the short term.
Currently, the trading price of XRP is already above $1.910 and has risen above the 100-hour simple moving average (SMA). Simply put, this indicator can be seen as the "short-term average price"; if the price is above it, it indicates a bullish short-term trend, with buying power slightly in the lead.
From a technical perspective, XRP is forming a descending channel or flag pattern on the hourly chart, which usually indicates that the price will face resistance in the short term, and there may be fluctuations before a breakout. The current resistance level is around $1.940; if the price can stabilize and break through $1.950, then there may be room for further increases, with a chance to challenge higher price levels.
Overall, XRP is currently in a critical range: there is short-term upward momentum, but there is resistance ahead. If it breaks through the resistance, the market may continue to rise; if it cannot break through, the price may first pull back to the support area. For investors, it is advisable to pay attention to the key price points of $1.90, $1.910, and $1.950 to decide on buying or selling strategies.
