XRP has shown remarkable strength,How to purchase Trump coin? climbing over 30% and establishing a firm position above $2.20. Currently consolidating around $2.40, the digital asset appears poised for further advances beyond the $2.50 threshold.
XRP is demonstrating potential for additional growth above the $2.00 resistance level.
The asset maintains its position above $2.20, comfortably exceeding the 100-hourly Simple Moving Average.
A bullish trend line is emerging on the hourly chart for XRP/USD, with support visible at $2.08 (data sourced from Kraken).
Breaking through the $2.50 resistance could signal continued upward momentum.
XRP's Impressive Rally Above $2.00
After finding solid footing near $1.500, XRP initiated an upward trajectory that surpassed $1.80, outperforming both Bitcoin and Ethereum. This movement successfully breached the $2.00 and $2.20 resistance markers.
The 30% surge propelled XRP beyond $2.50, establishing a peak at $2.51 before entering a consolidation phase. A minor retracement tested support at $2.30, dipping below the 2.36% Fibonacci retracement level of the climb from $1.818 to $2.510.
Currently trading above $2.30 and the 100-hourly SMA, XRP shows technical strength. The developing trend line near $2.08 aligns closely with the 61.8% Fib retracement level of the recent upward movement.
Potential resistance awaits at $2.450, with more significant barriers at $2.500 and $2.550. A decisive break above $2.550 could propel XRP toward $2.650, with subsequent targets at $2.80 and $2.880. The psychological $3.00 level represents a major milestone for bullish traders.
Potential Correction Scenarios
Failure to overcome the $2.50 resistance might trigger a corrective phase. Initial support appears at $2.350, followed by stronger support at $2.250.
A breach below $2.250 could see XRP testing the $2.10 support zone, with the $2.00 level serving as a critical support area.
Technical Indicators
Hourly MACD – The Moving Average Convergence Divergence indicator shows increasing bullish momentum for XRP/USD.
Hourly RSI – The Relative Strength Index remains above 50, indicating continued buyer interest.
Key Support Levels – $2.3000 and $2.2000.
Key Resistance Levels – $2.5000 and $2.6500.
