So, XRP decided to play a little game of “I’m going up, but not too much, because I’m a tease.” It traded above the $3.00 zone, but now it’s like, “Oops, maybe I went a bit too far,” and it’s testing the $2.75 support zone. Classic XRP, always keeping us on our toes.
- XRP price started a fresh increase above the $2.850 zone. Like, whoa, what a move, right?
- The price is now trading above $2.80 and the 100-hourly Simple Moving Average. It’s like XRP is saying, “I’m not just a one-hit wonder.”
- There is a key bullish trend line forming with support at $2.820 on the hourly chart of the XRP/USD pair (data source from Kraken). It’s like XRP has its own personal trainer, keeping it in shape.
- The pair could start another increase if it stays above the $2.750 zone. Fingers crossed, or should I say, fingers swiping up on the charts?
XRP price started a fresh increase after it settled above the $2.650 level, like Bitcoin and Ethereum. The price was able to climb above the $2.80 resistance level. It’s like XRP is the cool kid at the party, everyone’s watching to see what it does next.
The recent move was positive and the bulls pushed the price above the $3.00 level. A high was formed at $3.0324 and the price is now correcting gains. There was a move below the 50% Fib retracement level of the upward move from the $2.660 swing low to the $3.0324 high. It’s like XRP is doing a little dance, two steps forward, one step back.
The price is now trading above $2.80 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.820 on the hourly chart of the XRP/USD pair. It’s like XRP is drawing its own map, and it’s leading us to treasure… or at least, more gains.
On the upside, the price might face resistance near the $2.920 level. The first major resistance is near the $2.950 level. A clear move above the $2.950 resistance might send the price toward the $3.020 resistance. Any more gains might send the price toward the $3.080 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be near the $3.20 zone. It’s like XRP is climbing a mountain, and we’re all cheering from the sidelines.
More Downsides?
If XRP fails to clear the $2.950 resistance zone, it could start another decline. Initial support on the downside is near the $2.820 level and the trend line zone. The next major support is near the $2.80 level and the 76.4% Fib retracement level of the upward move from the $2.660 swing low to the $3.0324 high. It’s like XRP is playing a game of Jenga, and we’re all holding our breath.
If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 zone. It’s like XRP is on a rollercoaster, and we’re all screaming, “Again! Again!”
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. It’s like the energy drink is wearing off.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. It’s like XRP is taking a little nap, but we know it’s just recharging for the next big move.
Major Support Levels – $2.820 and $2.750. These are the levels where XRP says, “Nope, not going any lower.”
Major Resistance Levels – $2.950 and $3.020. These are the levels where XRP says, “Hold up, I need a break.”
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2025-07-15 07:54