XRP’s price is currently $2.17, marking a modest increase against the U.S. dollar in the past 24 hours. The cryptocurrency boasts a market capitalization of $126 billion and has seen $3.74 billion in global trade volume over the same period. It traded within a 24-hour range of $2.06 to $2.23 and remains 35.2% below its […]

XRP Price Watch: Bullish Momentum Builds as XRP Climbs Past $2.17

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XRP price started a fresh increase above the $2.120 resistance. The price is 
now consolidating and must settle above $2.1680 for more gains. XRP price 
started a fresh increase above the $2.00 and $2.10 levels. The price is now 
trading above $2.10 and the 100-hourly Simple Moving Average. There is a 
connecting bullish trend line forming with support at $2.120 on the hourly 
chart of the XRP/USD pair (data source from Kraken). The pair might extend 
gains if there is a close above the $2.1680 resistance zone. XRP Price Eyes 
Fresh Gains XRP price managed to stay above the $1.920 support zone and 
started a fresh increase, like Bitcoin and Ethereum. The price climbed above 
the $2.00 and $2.020 resistance levels. A high was formed at $2.244 and the 
price recently started a downside correction. There was a move below the $2.10 
support zone. The price dipped below $2.020 and tested the 50% Fib retracement 
level of the upward move from the $1.920 swing low to the $2.244 high. It 
seems like the price remained well-bid near the $2.080 support. The price is 
now trading above $2.100 and the 100-hourly Simple Moving Average. There is 
also a connecting bullish trend line forming with support at $2.120 on the 
hourly chart of the XRP/USD pair. On the upside, the price might face 
resistance near the $2.1680 level. The first major resistance is near the 
$2.20 level. The next resistance is $2.240. A clear move above the $2.240 
resistance might send the price toward the $2.320 resistance. Any more gains 
might send the price toward the $2.450 resistance or even $2.50 in the near 
term. The next major hurdle for the bulls might be $2.550. Another Decline? If 
XRP fails to clear the $2.1680 resistance zone, it could start another 
decline. Initial support on the downside is near the $2.120 level and the 
trend line. The next major support is near the $2.080 level. If there is a 
downside break and a close below the $2.080 level, the price might continue to 
decline toward the $2.050 support and the 61.8% Fib retracement level of the 
upward move from the $1.920 swing low to the $2.244 high. The next major 
support sits near the $1.920 zone. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support 
Levels – $2.1200 and $2.080. Major Resistance Levels – $2.1680 and $2.200.

XRP Price Could Regain Momentum—Is a Bullish Reversal in Sight?

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