Price Surges Above Level: Bulls Take Control
Price Surges Above Level: Bulls Take Control
XRP price surges above key level, bulls take full control as the price starts a decent increase above $1.40. The price is now consolidating gains and might aim for more gains above the $1.4650 zone.
XRP Price Analysis
XRP price started a steady increase above the $1.4120 zone. The price is now trading above $1.420 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.4220 on the hourly chart of the XRP/USD pair.
XRP Price Extends Gains
XRP price started a fresh upward move above $1.380 and $1.3880, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.40 resistance. The bulls even pumped the price toward the $1.4650 zone. A high was formed at $1.4664, and the price started a consolidation phase.
Key Levels to Watch
If there is a fresh upward move, the price might face resistance near the $1.4420 level. The first major resistance is near the $1.450 level, above which the price could rise and test $1.4650. A clear move above the $1.4650 resistance might send the price toward the $1.4840 resistance.
Downside Correction
If XRP fails to clear the $1.4650 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.4220 level. The next major support is near the $1.4080 level or the 50% Fib retracement level of the upward move from the $1.3510 swing low to the $1.46444 high.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4080 and $1.3880. Major Resistance Levels – $1.4500 and $1.4650.
Key Takeaways
- XRP price surges above $1.40, bulls take control
- Price might aim for more gains above the $1.4650 zone
- Initial support on the downside is near the $1.4220 level
- A clear move above the $1.4650 resistance might send the price toward the $1.4840 resistance
Frequently Asked Questions
What is the current XRP price trend?
The current XRP price trend is bullish, with the price surging above $1.40 and aiming for more gains above the $1.4650 zone.
What are the key levels to watch for XRP price?
The key levels to watch for XRP price are $1.4420, $1.4500, $1.4650, and $1.4840 for resistance, and $1.4220, $1.4080, and $1.3880 for support.
