XRP Smashes Through Critical Resistance – Bulls Charge Toward New Highs

Ripple’s XRP just bulldozed a major price barrier, signaling potential fireworks ahead. Traders are flipping bullish as the digital asset shows its first real momentum in months.

The breakout play:
After weeks of consolidation, XRP’s 20% surge past $0.55 caught shorts off guard. The move mirrors 2021’s pre-bull run patterns – but skeptics warn ’past performance’ is Wall Street’s favorite lie.

What’s next:
If holding above $0.53, targets shift to $0.68 resistance. Exchange volumes spiked 300% during the breakout – either organic demand or yet another ’whale game’ in this casino masquerading as a market.

XRP Price Eyes More Gains

XRP price remained supported above the $2.080 level and started a fresh recovery wave, like Bitcoin and Ethereum. The price was able to surpass the $2.10 and $2.120 levels.

There was a break above a key bearish trend line with resistance NEAR $2.1450 on the hourly chart of the XRP/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $2.2580 swing high to the $2.078 low.

The price is now trading above $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.1680 level and the 50% Fib retracement level of the downward move from the $2.2580 swing high to the $2.078 low.

The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320.

Another Decline?

If XRP fails to clear the $2.180 resistance zone, it could start another decline. Initial support on the downside is near the $2.1320 level. The next major support is near the $2.120 level.

If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.050 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.120 and $2.080.

Major Resistance Levels – $2.180 and $2.20.