XRP price started a steady increase above $1.40. The price is now 
consolidating gains and might aim for more gains above the $1.4120 zone. XRP 
price started a steady increase above the $1.4080 zone. The price is now 
trading above $1.4040 and the 100-hourly Simple Moving Average. There is a 
bullish trend line forming with support at $1.40 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could continue to move up if 
it settles above $1.4220. XRP Price Aims for Fresh Increase XRP price started 
a fresh upward move above $1.3980 and $1.40, like Bitcoin and Ethereum. The 
price gained pace for a clear move above the $1.4150 resistance. The bulls 
even pumped the price toward the $1.4220 zone. A high was formed at $1.4215, 
and the price started a consolidation phase above the 23.6% Fib retracement 
level of the upward move from the $1.3460 swing low to the $1.4215 high. The 
price is now trading above $1.4040 and the 100-hourly Simple Moving Average. 
Besides, there is a bullish trend line forming with support at $1.40 on the 
hourly chart of the XRP/USD pair. If there is a fresh upward move, the price 
might face resistance near the $1.420 level. The first major resistance is 
near the $1.4220 level, above which the price could rise and test $1.4350. A 
clear move above the $1.4350 resistance might send the price toward the $1.450 
resistance. Any more gains might send the price toward the $1.4740 resistance. 
The next major hurdle for the bulls might be near $1.50. Downside Correction? 
If XRP fails to clear the $1.420 resistance zone, it could start a fresh 
decline. Initial support on the downside is near the $1.40 level and the trend 
line. The next major support is near the $1.3840 level and the trend line or 
the 50% Fib retracement level of the upward move from the $1.3460 swing low to 
the $1.4215 high. If there is a downside break and a close below the $1.3840 
level, the price might continue to decline toward $1.3650. The next major 
support sits near the $1.350 zone, below which the price could continue lower 
toward $1.3250. The main support could be $1.3120. Technical Indicators Hourly 
MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly 
RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $1.4000 and $1.3840. Major Resistance Levels – $1.4200 
and $1.4500.

XRP Price Regains Grip, Bulls Target Fresh Upside Extension

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XRP Price Regains Grip, Bulls Target Fresh Upside Extension

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