The XRP price has risen more than 5% compared to the $ 2.50 support. The price shows positive drawing and can strive for a movement above the $ 2,820 resistance zone.
- XRP price started a new increase above the level of $ 2,550.
- The price is now traded above $ 2,650 and the 100-hour simple advancing average.
- There was a break over an important bearish trend line with resistance at $ 2,620 on the hour table of the XRP/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 2,750 resistance zone.
XRP -Price jumps more than 5%
XRP price remained supported above the level of $ 2.50. It formed a basis and started a strong increase over the $ 2.55 resistance zone, which performed better than Bitcoin and Ethereum.
The price knew the resistance levels of $ 2.60 and $ 2,620. There was a break over an important bearish trend line with resistance at $ 2,620 on the hour table of the XRP/USD pair. The pair gathered above the 50% FIB retracement level of the downward movement of the $ 2,8320 Swing high to $ 2,470 low.
The price is now traded above $ 2,650 and the 100-hour simple advancing average. At the top the price at the level of $ 2,750 can be confronted. It is close to the 76.4% FIB retraction level of the downward movement of the $ 2,8320 Swing high to $ 2,470 low.
The first major resistance is near the $ 2.80 level. The next resistance is $ 2,820. A clear movement above the $ 2,820 resistance can send the price to $ 2,880 resistance. More profits can send the price to the resistance of $ 2,920 or even $ 2,950 in the short term. The next major obstacle for the bulls can be $ 3.00.
Another decline?
If XRP did not know the $ 2,750 resistance zone, it can start a new decline. The first support on the disadvantage is near the level of $ 2,650. The next major support is near the level of $ 2.60.
If there is a downward break and a closure of the level of $ 2.60, the price can continue to fall in the direction of the $ 2,550 support. The next major support is near the $ 2.50 zone.
Technical indicators
MACD per hour – The MACD for XRP/USD now wins pace in the bullish zone.
Picly RSI (relative strength -index) -The RSI for XRP/USD is now above 50 -level.
Important support levels – $ 2,650 and $ 2.60.
Important resistance levels – $ 2,750 and $ 2,820.