XRP price, in a fit of whimsy, decided to ascend beyond the $3.350 mark, much to the delight of its holders. It now lounges above $3.40, basking in the glow of the 100-hourly Simple Moving Average, and might just continue its ascent beyond the $3.60 barrier.
- XRP price, in a moment of clarity, surged past the $3.350 threshold.
- It now trades above $3.40, a position of enviable comfort, and the 100-hourly Simple Moving Average.
- A bullish trend line, as if drawn by the hand of a particularly optimistic analyst, supports the price at $3.450 on the hourly chart of the XRP/USD pair (data source from Kraken).
- Should it maintain its composure above the $3.220 level, another upward jaunt is not out of the question.
XRP price, after a brief contemplation above the $3.00 level, decided to outshine its more famous cousins, Bitcoin and Ethereum. It managed to breach the formidable $3.220 resistance, a feat that would have been considered miraculous by some.
The bulls, sensing an opportunity, pushed the price past the $3.350 barrier with a vigor that suggested they had a personal stake in the matter. The price, not one to disappoint, tested the $3.650 zone, reaching a high of $3.660 before settling into a comfortable consolidation. A minor dip below $3.60 was quickly corrected, and the price now trades above $3.50, still above the 100-hourly Simple Moving Average. The bullish trend line, with its support at $3.450, remains a steadfast companion on the hourly chart of the XRP/USD pair.
On the upside, the price might encounter resistance near the $3.620 level, a mere speed bump on its journey. The first major hurdle is the $3.660 level, a psychological barrier that, if breached, could propel the price towards the $3.750 resistance. Further gains might see the price flirt with the $3.80 resistance or even the lofty $3.880 mark. The ultimate goal, of course, is the $4.00 zone, a level that would make headlines and perhaps a few fortunes.
Downside Break?
Should XRP fail to clear the $3.660 resistance, it might succumb to a bout of pessimism and decline. The initial support on the downside is near the $3.450 level, a position fortified by the trend line. The next major support is at the $3.350 level, a point of no return for many.
If a downside break occurs and the price closes below the $3.350 level, it might continue its descent towards the $3.320 support. The next major support, a level of last resort, is near the $3.220 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone, a sign that the bulls are not ready to relinquish their hold.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now comfortably above the 50 level, indicating a healthy buying interest.
Major Support Levels – $3.450 and $3.350, levels that could make or break the bulls’ dreams.
Major Resistance Levels – $3.660 and $3.80, the gates that must be breached for further glory.
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2025-07-18 07:18