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 started a fresh increase above the $2.050 resistance. The price is now consolidating and must settle above $2.20 for more gains.
- XRP price started a fresh increase above the $1.980 and $2.050 levels.
- The price is now trading above $2.080 and the 100-hourly Simple Moving Average.
- There is a connecting bullish trend line forming with support at $2.10 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 $2.20 resistance zone.
XRP Price Eyes Fresh Gains
XRP price managed to stay above the $1.880 support zone and started a fresh increase, like Bitcoin and Ethereum. The price climbed above the $1.980 and $2.00 resistance levels.
A high was formed at $2.24 and the price recently started a downside correction. There was a move below the $2.120 support zone. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high.
However, the bulls were active 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 $2.10 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 $2.250.

A clear move above the $2.250 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 $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level and the trend line. The next major support is near the $2.080 level and the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high.
If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 zone.
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 – $2.100 and $2.080.
Major Resistance Levels – $2.20 and $2.250.