Can XRP Break $2.20? Bulls Are Getting Ready to Party!

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And so, the saga continues. XRP, that little coin with ambition, starts yet another attempt to rise from the ashes of $2.00, proving that it may have a future after all. Hold your breath, dear reader, for we are inching toward what could be a new high… or not. 😉

  • Price decided to break free from the $2.050 zone. A valiant effort, don’t you think?
  • Now we find XRP trading proudly above $2.080, and even the 100-hourly Simple Moving Average is smiling in approval.
  • Oh, and there was that glorious moment when a key bearish trend line was crushed under the weight of the price, all thanks to a breakout above $2.080 (shoutout to Kraken for the data!).
  • If the price manages to smash through $2.120, the bulls might just get a little more feisty. Watch out!

Are We Witnessing the Dawn of a New Era?

Let’s talk about this price action. After staying above $2.00, XRP decided to embark on what could only be described as a recovery wave. It’s the kind of rise that makes you think, “Maybe there’s hope for the underdog?” But don’t get too comfortable. We’ve seen this before.

We saw XRP break the chains of the $2.080 resistance, clearing that key bearish trend line like it was nothing. The bulls couldn’t help but push the price above $2.10, reaching a high of $2.1235. And now, the price is playing it cool, consolidating above the 23.6% Fibonacci retracement level. What’s next? Well, that depends on who you ask… 😏

As we speak, the price is hanging out above $2.10 and above the 100-hourly Simple Moving Average. Will the $2.120 level prove to be the final frontier for the bulls? Or will they steamroll through it toward the next big challenge at $2.150? It’s all a waiting game now. The suspense is palpable. 😬

The price may hit resistance again at $2.1850, but if it manages to break through that, who knows? We could be staring at $2.250, or even further, towards $2.320, and dare I say $2.350? The bulls will want that $2.50 mark, but we’re getting ahead of ourselves. Let’s not get carried away… yet. 🤷‍♂️

Or Maybe… Not?

But hold your horses—what if it’s all just a mirage? If XRP fails to conquer the $2.120 resistance, prepare for the dreaded decline. It’s the price action that makes you think, “Oh no, not again…” Initial support is at $2.10, but things could get worse if we start talking about $2.080, or worse, $2.050. It’s a perilous drop, my friends. But this is crypto—anything can happen. 🙄

Should the price falter and drop below $2.080, it could very well slide towards $2.050 and revisit the dreaded $2.00 level. Time will tell if the bulls can hold their ground, or if it’s just another false hope. ⏳

Technical Indicators (In Case You Care):

Hourly MACD – The MACD for XRP/USD is gaining pace. Will it stay bullish, or are we just getting a false sense of security?

Hourly RSI – Above 50, but let’s not get ahead of ourselves. The market can be cruel.

Major Support Levels – $2.080 and $2.050 (good luck holding those).

Major Resistance Levels – $2.120 and $2.150 (no pressure, bulls).

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2025-04-21 07:38