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XRP Price Eyes Key Upside Break – Can Bulls Finally Regain Control?
XRP's price has begun an upward trend, surpassing $2.50 and showing potential for further gains beyond $2.620. Currently, XRP is trading above $2.50 and the 100-hour Simple Moving Average. A key bearish trend line with resistance at $2.60 is present on the hourly XRP/USD chart. Overcoming the $2.60 resistance could trigger a new surge, potentially reaching $2.660 and then $2.720. Failure to break through $2.60 might lead to a fresh decline with initial support at $2.50. A break below $2.420 could push the price down to $2.320 or even $2.250. The hourly MACD indicates bullish momentum while the RSI is above 50. Key support levels are identified at $2.50 and $2.420, while major resistance lies at $2.60 and $2.660. Overall, XRP's immediate direction hinges on breaking or failing to break the $2.60 resistance level.
