The price of XRP increased by over 5% compared to the support of 2.50 USD. The price shows positive signs and can strive for traffic above the resistance zone worth USD 2.820.

• The price of XRP has started a modern raise above USD 2.550.
• The price is currently listed above USD 2,650, and a 100-hour straight movable average.
• There was a break over the key line of the Bear Trend with a resistance of USD 2,620 at the hourly chart of the XRP/USD pair (data source from Kraken).
• The couple can start a modern growth if they remove the $ 2.750 resistance zone.

The price of XRP increases by over 5%

The XRP price remained above USD 2.50. He created a base and began a mighty raise above the $ 2.55 resistance zone, exceeding Bitcoin and Ethereum.

The price calculated the resistance levels of 2.60 and 2.620 USD. There was a break over the key line of the bear trend with a resistance of USD 2,620 at the hourly chart of the XRP/USD pair. The pair increased above 50% of the level of Fib Ruch Down from USD 2,8320 to a low level of USD 2.470.

The price is currently listed above USD 2,650, and a 100-hour straight movable average. On the other hand, the price may encounter resistance near USD 2,750. There is nearly 76.4% of the downward FIB withdrawal level from USD 2,8320 to a low level of USD 2.470.

The first high resistance is close to USD 2.80. The next resistance is USD 2,820. A clear movement above the resistance worth USD 2.820 may send a price up to USD 2.880. Any profits can send a price towards a resistance of USD 2,920, and even USD 2,950 in the near future. Another crucial obstacle for bulls can be USD 3.00.

Another drop?

If XRP does not pristine the resistance zone of USD 2,750, it may start another decrease. Initial support is close to USD 2,650. Another stern support is close to USD 2.60.

If there is a break in the minus and closing below USD 2.60, the price may still fall towards the support of USD 2.550. Another immense support is located near the $ 2.50 zone.

Technical indicators

MacD – MacD for XRP/USD is now gaining a pace in the stubborn zone.

RSI hours (relative strength indicator) – RSI for XRP/USD is now above level 50.

Main support levels – USD 2,650 and USD 2.60.

Main resistance levels – USD 2,750 and USD 2,820.