XRP Rises Strongly: Will It Break Through Important Resistance Levels?

In recent trading hours, the price of XRP has shown an impressive recovery, surpassing the $2.20 threshold and continuing to maintain its upward momentum. Currently, the price is fluctuating around $2.280 and there are signals indicating the possibility of further breakout. XRP Maintains Uptrend Similar to Bitcoin and Ethereum, XRP has initiated a strong upward trend after breaking through the resistance levels of $2.150 and $2.20. The upward momentum was confirmed when the price broke above the levels of $2.220 and $2.250. After reaching a peak of $2.294, XRP has made a slight correction, dropping below the support levels of $2.280 and $2.250. The price has also retreated below the Fibonacci retracement level of 23.6% calculated from the bottom of $2.162 to the peak of $2.294. However, the downward trend has been halted as the price approaches the strong support zone of $2.220 — coinciding with the Fibonacci retracement level of 50% of the same bullish move. More importantly, XRP is currently still trading above the support level of $2.220 and the 100-hour SMA (, reinforcing the bullish trend. On the hourly chart for XRP/USD, a strong upward trendline has also formed with support around the $2.240 level. Nearby Resistance Levels Above, XRP is facing the first resistance level at the $2.30 area. If it surpasses this level, the price will move towards challenging the next important resistance zones: $2,320: The first notable resistance level. $2,350: If this level is clearly broken, the momentum may drive the price towards $2,420. $2,450 - $2,500: Potential next targets if the uptrend remains strong. $2,620: A higher resistance zone, which could be a further target in the next bullish moves. Discount Scenario? In the event that XRP cannot surpass the $2.30 mark, a downward correction may occur. Key support levels to pay attention to include: $2.245: The first support level for the correction phase. $2.220: The next important support level. If the price breaks and closes below this level, XRP may continue to decline towards the $2.20 region. $2.150: The lower key support area, playing an important role in maintaining the mid-term bullish structure. Technical Indicators MACD ) 1H trading hours (: The MACD indicator for the XRP/USD pair is currently moving in the positive zone, indicating that the bullish momentum remains strong. RSI ) Relative Strength Index (: The RSI on the 1-hour chart is currently above 50, further supporting the upward trend. Summary Currently, the outlook for XRP is quite positive as the price remains above key support levels. If it successfully breaks through the resistance areas of $2.30 and $2.350, XRP could extend its upward momentum to higher levels such as $2.420, $2.450, or even $2.50 in the short term. However, investors also need to pay attention to the support levels of $2.220 and $2.20, as losing these areas could lead to deeper corrections.