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XRP Gains Momentum as Crypto Market Eyes $2.30 Breakout


Crypto And Virtual Money

XRP Gains Momentum as Crypto Market Eyes $2.30 Breakout 

XRP rises above $2.20, pushed higher by positive trends, as it tries to overcome the $2.30 resistance level.

XRP which is one of the best performing cryptocurrencies crossed the $2.20 level, indicating the market is bullish again. Now above $2.20 and beyond the 100-hourly Simple Moving Average, XRP might see further rises once it clears $2.30.

Cryptocurrency jumped back strongly after reaching $2.020, showing higher increases than Bitcoin and Ethereum. There was a major surge in technical action, as XRP broke above a strong bearish resistance trend on its hourly chart. It went past the 50% point in the Fibonacci retracement of the $2.3540 to $2.2081 drop.

$2.2850 and $2.320 are seen as levels of resistance for analysts and breaking these barriers could lead the crypto to go towards $2.35 or maybe even $2.3850. If XRP remains below near $2.30, it could test the $2.22 and $2.20 support levels which might lead to a drop as low as $2.15.

When the RSI and MACD are high, traders are optimistic but are waiting for XRP to officially overthrow its long-standing resistance.

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