The XRP price has increased by more than 5% compared to a support of $ 2.50. The price shows positive signs and can be aimed at moving above the resistance zone $ 2.820.
- The price of the XRP began a fresh increase above the level of $ 2.550.
- The price is now traded above $ 2.650 and a 100-hour simple sliding average.
- There was a break above the key line of the bear trend with resistance at 2.620 dollars. On the hourly diagram of the XRP/USD pair (source source from Kraken).
- The couple can begin a new increase if it cleanses the resistance zone for $ 2.750.
XRP price increased by more than 5%
The price of the XRP remained supported above $ 2.50. He formed the base and began a strong increase above the resistance zone for $ 2.55, ahead of Bitcoin and Ethereum.
The price cleared the resistance levels of $ 2.60 and $ 2.620. There was a break above the key line of the bear trend with resistance at 2.620 dollars. On the hourly diagram of the XRP/USD pair. The pair rallied above the recovery level of 50% FIB down compared to the maximum of a swing of $ 2.8320 to a minimum of $ 2.470.
The price is now traded above $ 2.650 and a 100-hour simple sliding average. On the other hand, the price may encounter a resistance of about $ 2.750. It is located near the level of FIB recovery 76.4% in the descending movement from the maximum of the swing in the amount of $ 2.8320 to the minimum to the minimum $ 2.470.
The first major resistance is near the level of $ 2.80. The next resistance is $ 2.820. A clear move above the resistance in the amount of $ 2.820 can send the price to the resistance of $ 2.880. Any benefits can send a price of $ 2.920 or even $ 2.950 in the near future. The next major obstacle for bulls can be $ 3.00.
Another decline?
If the XRP cannot clean the resistance zone in the amount of $ 2.750, it can start another decrease. Initial support for a deficiency is at a level of $ 2.650. The next major support is $ 2.60.
If there is a break in the reverse order and approximately lower than the level of $ 2.60, the price may continue to decline to the support of $ 2.550. The next major support is located next to the $ 2.50 zone.
Technical indicators
The hourly MACD – MACD for XRP/USD is now gaining momentum in the bull zone.
Honight RSI (relative force) – RSI for XRP/USD is now higher than level 50.
The main support levels are $ 2.650 US and $ 2.60.
The main levels of resistance are $ 2.750 and $ 2.820.
