XRP price has reignited its upward trend, pushing strongly past the psychological $2.50 barrier after breaking above $2.40. Backed by renewed market confidence, the rally has lifted XRP more than 5% in the past 24 hours, Kraken data confirms.
Strong Bullish Trend Line in Play
The XRP/USD pair now trades above the 100-hourly Simple Moving Average with a bullish trend line giving support at $2.50. The hourly chart shows XRP consolidating gains near the 23.6% Fibonacci retracement from the $2.250 swing low to the recent high of $2.5870.
What Comes Next for XRP?
Immediate resistance lies at $2.5880, with a key target at $2.60. A decisive break above $2.60 could fuel fresh buying, driving the price toward $2.620, $2.650, or even $2.6850. Bulls have eyes on $2.750 as the next major test.
Can Bears Drag XRP Lower?
Failure to break $2.620 could trigger a dip. Initial downside support is at $2.50, followed by stronger protection at $2.450. A close below $2.450 might open the door for a test of $2.420 or the crucial $2.40 level.
Technical Picture
The hourly MACD remains firm in the bullish zone. RSI is well above 50, showing healthy momentum.
Major Support: $2.50, $2.450
Major Resistance: $2.60, $2.620
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
