Amidst the cacophony of cryptocurrencies, XRP has decided to make a grand entrance, stepping above the $2.320 threshold. The market, ever the appreciative audience, is now whispering of a potential leap above the $2.45 resistance, a move that would surely warrant a standing ovation.
- XRP, with the grace of a seasoned performer, has begun its ascent above the $2.350 mark.
- The price, now gracefully trading above $2.320 and the 100-hourly Simple Moving Average, is a sight to behold.
- A key bullish trend line, with the support of $2.380, is forming on the hourly chart of the XRP/USD pair, as if choreographed by the market’s invisible hand (data source from Kraken).
- Should the pair maintain its position above the $2.350 zone, another act of this bullish ballet may commence.
XRP, in a display of bravado, has rallied over 5%, a performance that has left Bitcoin and Ethereum in the wings. The price, with a flourish, climbed above the $2.350 resistance level, much to the delight of the bulls.
The recent movement, a testament to the market’s fickle tastes, saw the price soar above the $2.40 level, reaching a high of $2.437. The price is now in a state of consolidation, a moment of repose above the 23.6% Fib retracement level of the upward move from the $2.250 swing low to the $2.437 high.
The price, ever the performer, continues to trade above $2.350 and the 100-hourly Simple Moving Average. A key bullish trend line, with support at $2.380, is forming on the hourly chart of the XRP/USD pair, a subtle nod to the bulls.
On the upside, the price may encounter resistance near the $2.4350 level. The first major resistance is near the $2.450 level. A clear move above the $2.450 resistance might propel the price towards the $2.50 resistance. Any further gains might send the price towards the $2.550 resistance or even $2.60 in the near term. The next major hurdle for the bulls might be near the $2.750 zone, a challenge that would require a performance of the highest caliber.
Another Decline?
If XRP fails to clear the $2.450 resistance zone, it could be the beginning of a less favorable act. Initial support on the downside is near the $2.380 level and the trend line zone. The next major support is near the $2.350 level or the 50% Fib retracement level of the upward move from the $2.250 swing low to the $2.437 high.
If there is a downside break and a close below the $2.350 level, the price might continue its descent towards the $2.320 support. The next major support sits near the $2.2650 zone, a place where the bulls might find themselves in a less welcoming audience.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone, a sign that the bulls are not ready to leave the stage.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level, a subtle cue that the performance is far from over.
Major Support Levels – $2.380 and $2.350.
Major Resistance Levels – $2.4350 and $2.450.
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- USD TRY PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- EUR AUD PREDICTION
- EUR USD PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- GBP CNY PREDICTION
- DOGE PREDICTION. DOGE cryptocurrency
2025-07-10 07:18