Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
XRP price is attempting to recover above the $2.720 zone. The price is now moving higher and might gain pace if it clears the $2.880 resistance.
- XRP price is attempting to recover above the $2.80 resistance.
- The price is now trading above $2.80 and the 100-hourly Simple Moving Average.
- There is a bullish trend line forming with support at $2.825 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could continue to rise if it stays above the $2.780 zone.
XRP Price Eyes Upside Break
XRP price managed to stay above the $2.70 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.75 and $2.80 resistance levels.
There was a move above the 23.6% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. However, the price seems to be facing hurdles near the $2.880 level. Besides, there is a bullish trend line forming with support at $2.825 on the hourly chart of the XRP/USD pair.
The price is now trading above $2.80 and the 100-hourly Simple Moving Average. If the bulls protect the $2.780 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.870 level.

The first major resistance is near the $2.920 level or the 61.8% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. A clear move above the $2.920 resistance might send the price toward the $2.980 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050.
Another Decline?
If XRP fails to clear the $2.920 resistance zone, it could continue to move down. Initial support on the downside is near the $2.820 level. The next major support is near the $2.780 level.
If there is a downside break and a close below the $2.780 level, the price might continue to decline toward $2.70. The next major support sits near the $2.650 zone, below which the price could gain bearish momentum.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $2.780 and $2.70.
Major Resistance Levels – $2.870 and $2.920.