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#BitcoinMarketAnalysis XRP Stuck in Range 🔄 — Bulls Need Fresh Energy for Breakout 🚀
The price of XRP rose over $2.50. Positive signals indicate the price may climb if it breaks $2.6880 barrier.
XRP strengthened over $2.50 and $2.550.
The price is above $2.50 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support at $2.60.
If it breaks $2.6880, the pair may rise again.
XRP Maintains Support
Like Bitcoin and Ethereum, XRP rose after settling over $2.40. The price broke $2.420 and $2.50 barrier.
Bulls pushed price over $2.550 and $2.65. After making a high at $2.6972, the price is consolidating gains above the 23.6% Fib retracement line of the latest advance from the $2.327 swing low.
The price is below $2.60 and the 100-hour SMA. The hourly XRP/USD chart shows a bullish trend line with support at $2.60.
Price may find resistance at $2.650 if it rises again. The price might approach $2.70 over the first significant hurdle at $2.6880. A break over $2.70 might push the market above $2.7650. More advances might push pricing near $2.80 barrier. Bulls may face a significant test at $2.880.
Correcting Down?
XRP may fall again if it fails to break $2.6880. Around $2.60 is first downward support. Near $2.5650 is the next important support.
If the price breaks below $2.5650, it may fall below $2.5120 or the 50% Fib retracement level of the current rise from the $2.327 swing low to the $2.6972 high. The price might fall to $2.420 below the next key support around $2.4680.
Major Support Levels: $2.60, $2.580.
Two major resistance levels: $2.650 and $2.6880.
#xrp #WriteToEarnUpgrade #MarketRebound #CPIWatch $XRP