The price of XRP has increased by more than 5 % of the support of $ 2.50. The price offers positive signs and may aim to move higher than the resistance area of $ 2.820.
- XRP price has started a new increase above the level of $ 2.550.
- The price is now trading over $ 2.650 and the simple moving average is 100 hours.
- There was a break over the main dumping line with resistance at $ 2.620 on the XRP/USD (data source from Kraken).
- The husband may start with a new increase if the resistance area is wiped $ 2.750.
The price of XRP jumps over 5 %
The XRP price remained supported above the level of $ 2.50. The base formed a strong increase in the resistance area of $ 2.55, outperforming Bitcoin and Ethereum.
The price wiped resistance levels $ 2.60 and $ 2.620. There was a break over the main dumping line with resistance at $ 2.620 on the XRP/USD. The husband gathered above the RENDRACTION by 50 % of the declining move from the 2.8320 dollar swing to the level of $ 2.470.
The price is now trading over $ 2.650 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the level of $ 2.750. It is near the level of retracement of the FIB 76.4 % of the transition to the bottom of the tower of $ 2.8320 to a low level of $ 2.470.
The first main resistance approaches the level of $ 2.80. The following resistance is $ 2.820. You may send a clear step over $ 2.820 resistance, the price is about $ 2.880. Any other gains may send the price towards $ 2.920 or even $ 2.950 in the short term. The next main obstacle may be 3.00 dollars.
Another retreat?
If XRP fails to scan the resistance area of $ 2.750, it may start another decrease. Initial support on the negative side is near the level of $ 2.650. The next main support is near the 2.60 dollar level.
If there is a break on the downside and close to the 2.60 dollar level, the price may continue to drop towards $ 2.550. The next main support sits near the $ 2.50 region.
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 – $ 2.650 and $ 2.60.
Main resistance levels – $ 2.750 and $ 2.820.
The post XRP Bulls Return—Will This Be the Breakout to $3? first appeared on Investorempires.com.