XRP price, in a surprising turn of events, decided to defy the laws of gravity and started a fresh increase above the $2.30 zone. Yes, you read that right. The price is now showing positive signs and might just climb above the $2.32 resistance, if it feels like it.
- XRP price, in a moment of clarity, started a fresh increase above the $2.280 zone. It’s like it suddenly remembered it had a purpose.
- The price is now trading above $2.280 and the 100-hourly Simple Moving Average. It’s like it’s on a mission to prove something, or maybe just to confuse us all.
- There is a key bullish trend line forming with support at $2.280 on the hourly chart of the XRP/USD pair (data source from Kraken). It’s like the universe is aligning, or at least the charts are.
- The pair could start another increase if it stays above the $2.250 zone. But let’s be honest, who knows what it will do next?
XRP price started a fresh increase after it settled above the $2.2620 level, beating Bitcoin and Ethereum. It’s like the underdog of the crypto world decided to have a moment in the sun. The price was able to climb above the $2.280 resistance level, much to the surprise of everyone, including the price itself.
The recent move was positive and the bulls pushed the price above the 50% Fib retracement level of the downward move from the $2.353 swing high to the $2.251 low, and tested the $2.32 zone. Besides, there is also a key bullish trend line forming with support at $2.280 on the hourly chart of the XRP/USD pair. It’s like the price is drawing its own map and following it, or maybe just making it up as it goes along.
The price is now trading above $2.280 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.320 level. The first major resistance is near the $2.330 level or the 76.4% Fib retracement level of the downward move from the $2.353 swing high to the $2.251 low. It’s like the price is playing a game of cosmic hide and seek, and we’re all just trying to guess where it’s hiding.
A clear move above the $2.330 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be near the $2.50 zone. It’s like the price is on a quest to reach the stars, or at least the next resistance level.
Another Decline?
If XRP fails to clear the $2.320 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level and the trend line zone. The next major support is near the $2.250 level. It’s like the price is playing a game of cosmic Jenga, and we’re all just waiting for the tower to fall.
If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone. It’s like the price is on a rollercoaster, and we’re all just along for the ride.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. It’s like the price is getting a second wind, or maybe just a caffeine boost.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. It’s like the price is feeling pretty good about itself, or maybe just optimistic.
Major Support Levels – $2.280 and $2.250. It’s like the price has a safety net, or maybe just a really good sense of balance.
Major Resistance Levels – $2.330 and $2.350. It’s like the price has a few hurdles to jump, or maybe just a few more levels to conquer.
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2025-07-09 07:18