Well, well, well, looks like XRP‘s price is doing a little dance, trying to waltz above the $2.920 mark. But, as usual, it’s having a hard time breaking free. Let’s see if it can finally settle above the mystical $2.90 line and show us what it’s made of.
- XRP’s price is facing some serious resistance at the $2.920 level, like a stubborn mule that just won’t budge.
- However, it’s not all doom and gloom – the price is above $2.850 and comfortably sitting above the 100-hourly Simple Moving Average. Good news, right?
- A bullish trend line has also decided to show up for the party, with support at $2.8650. It’s like the underdog showing up to win the race!
- As long as it keeps its footing above $2.850, there’s hope for another rise. But don’t hold your breath…yet!
The Price Might Just Wake Up and Smell the Rally
After managing to stay above the $2.80 line, XRP started its recovery wave. A bit like a kid trying to get back on a bicycle after falling off-slow, but steady. It crossed the $2.8350 and $2.850 resistance levels like it was no big deal.
But hold your horses! The price is struggling to stay above the $2.920 resistance level, like a cat trying to stay out of water. It recently dipped below the 23.6% Fib retracement level. Not ideal, but it’s not the end of the world either.
Currently, it’s hanging out above $2.850 and the 100-hourly Simple Moving Average. And with a bullish trend line forming at $2.8650, it’s not all bad news.
If the bulls manage to protect that $2.850 support, there could be another shot at an increase. But, let’s not get too excited. Resistance is still looming at the $2.90 level, and the $2.920 mark is the big bad wolf standing in the way. If XRP can break through that, we might see it head toward $2.980. Beyond that, $3.00, and the road to glory continues. If it can break past $3.050, well, then we’ll be talking!
Could There Be a Downside Dip? Say It Ain’t So!
If XRP can’t clear the $2.920 resistance, we might be looking at another downward spiral. The first stop on this journey of disappointment is near the $2.8650 level and the trend line. Beyond that, $2.850 might come into play, with a 50% Fib retracement level adding more drama to the situation.
Now, if there’s a sharp downturn and a close below $2.850, we might be in for a ride to $2.80. And from there? Well, let’s just say $2.720 could be lurking just around the corner. Brace yourselves.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining ground in the bullish zone. Looks like it’s feeling a little frisky.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is above 50, so things are looking, dare I say, optimistic?
Major Support Levels – $2.850 and $2.80. Hang in there, champs!
Major Resistance Levels – $2.90 and $2.920. These levels are the real party poopers.
Read More
- SOL PREDICTION. SOL cryptocurrency
- XMR PREDICTION. XMR cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- Brent Oil Forecast
- ETH PREDICTION. ETH cryptocurrency
- GBP JPY PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- DOGE GBP PREDICTION. DOGE cryptocurrency
2025-09-08 07:18