XRP Bulls Ready to Charge—Upside Break May Spark Rally

XRP price has started a new recovery wave above the $2.00 zone and is showing positive signs of clearing the $2.250 resistance zone.

• XRP price has successfully broken above the $2.120 resistance zone.
• The price is currently trading above $2.150 and the 100-hourly Simple Moving Average.
• A short-term bullish trend line is forming with support at $2.188 on the hourly chart of the XRP/USD pair.
• If the price clears the $2.250 resistance zone, it may continue to move up.

XRP Price Outlook

XRP price has found support and started a recovery wave from the $1.90 zone, similar to Bitcoin and Ethereum. The price has surpassed key resistance levels and is currently facing resistance near $2.250.

The price is trading above the 100-hourly SMA and a bullish trend line, indicating a positive trend. However, it needs to clear the $2.250 resistance to continue its upward movement.

On the upside, the next resistance levels are $2.365, $2.450, and potentially $2.50 and $2.550. If the bulls remain in control, the price could even target $2.650 and $2.80 in the near term.

Potential Decline

If XRP fails to break above the $2.250 resistance, it could see another decline. Initial support is at $2.188 and the trend line, followed by $2.120 and $2.050 levels.

A break below $2.120 could lead to further downside towards the $2.00 support level. Technical indicators like MACD and RSI are showing bullish signals, indicating a potential uptrend continuation.

Key support levels to watch are $2.180 and $2.120, while resistance levels are at $2.250 and $2.350.