The price of XRP ($ 2.46) began a standardization phase higher than a $ 2.40 region. The price is now rising and may aim at a break higher than $ 2.50.
- The XRP price has started a decent increase over the $ 2.40 region.
- The price is now trading over $ 2.420 and the simple moving average is 100 hours.
- There was a break on a major rising channel with resistance at $ 2.450 on the XRP/USD (data source from Kraken).
- The husband may start another increase if he wipes $ 2.480 resistance.
XRP eyes price more gains
The XRP price remained backed higher than $ 0.2320 and started a new increase, after Bitcoin and Ethereum. There was a higher step of resistance levels $ 0.2350 and $ 0.2365.
Even the price exceeded the resistance of $ 0.240. There was a break on a major rising channel with resistance at $ 2.450 on the XRP/USD. The bulls paid the price towards a level of $ 0.250. A height has been formed at $ 0.2479, and the price is now uniforming the gains above the RERTRING level 23.6 % of the ups of the ups from the tower drop of $ 2.3360 to $ 2.4796.
The price is now trading over $ 2.40 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the level of $ 2.480. The first main resistance approaches the level of $ 2.50.
The following resistance is $ 2.550. You may send a clear step over 2.550 dollars resistance, the price is about $ 2.650. Any other gains may send the price to resist $ 2.720 or even $ 2.750 in the short term. The next main obstacle may be 2.80 dollars.
Is Dips limited?
If XRP fails to scan the resistance area of $ 2.50, it may start another decrease. Initial support on the downside is near the 2.450 dollar level. The next main support is near the 2.40 dollar level and the REERRERENT level 50 % of the FIB for the budget move from the 2.3360 dollars to 2.4796 dollars.
If there is a break on the downside and close to the level of $ 2.40, the price may continue to drop towards $ 2.350. The next main support sits near the $ 2.3250.
Technical indicators
Each MACD Watch – MacD is now acquired for XRP/USD now in the upper area.
RSI clock (RSI) RSI for XRP/USD is now higher than 50 level.
Main support levels – $ 2.450 and $ 2.420.
Main resistance levels – $ 2.480 and $ 2.50.
