XRP’s price began a new decline, dropping below $2.00, but it has since bounced back from a low of $1.820. Currently trading above $2.00 and the 100-hourly Simple Moving Average, it broke through a key bearish trend line that had resistance at $2.00 on the hourly chart. For the upward trend to continue, the price needs to settle above the $2.150 pivot level.
After falling below the $2.00 support, similar to Bitcoin and Ethereum, XRP dipped under $1.90 before buyers stepped in, forming a low at $1.8177. The recovery saw it surpass $1.88 and $1.95, and it has now exceeded the 50% and 76.4% Fibonacci retracement levels of the drop from $2.140 to $1.817.
If the upward momentum persists, resistance may be encountered near $2.120, with the first major hurdle at $2.150. A close above this level could push the price to $2.20, followed by resistances at $2.250, $2.320, and $2.350, with a key barrier around $2.40.
Conversely, if XRP fails to overcome the $2.150 resistance, it might initiate another decline. Initial support lies at $2.00, with further support at $1.980. A break and close below $1.980 could lead to a drop toward $1.880, and if that doesn’t hold, the price may fall to $1.8450 or even $1.80.
Technical indicators show the hourly MACD accelerating in bullish territory, and the RSI is above 50, indicating positive momentum. Key support levels are $1.980 and $1.880, while major resistance levels are at $2.150 and $2.250.
Frequently Asked Questions
Of course Here is a list of helpful FAQs about the recent uptick in XRPs price designed for both beginners and more experienced users
General Beginner Questions
1 What does it mean that XRPs price has edged up
It means the price has increased by a small but noticeable amount over a short period Its not a dramatic surge but a steady gradual climb
2 Why is the price of XRP going up now
While no one knows for sure its often a sign of returning buyer interest This could be due to positive news overall market trends or investors feeling more confident about XRPs future
3 Is this a good time to buy XRP
This is a personal investment decision A small price increase can be a sign of momentum but its never a guarantee of future gains Always do your own research and only invest what you can afford to lose
4 What is buyer interest in simple terms
It simply means more people are looking to buy XRP than to sell it When demand goes up and supply stays the same the price typically rises
5 Where can I check the current price of XRP
You can check reliable cryptocurrency tracking websites like CoinMarketCap CoinGecko or the portfolio tab on major exchanges like Coinbase Binance or Kraken
Advanced Practical Questions
6 Is this price increase likely to be sustained or just a shortterm bounce
Its difficult to predict A sustained increase requires continuous buying pressure and positive fundamentals A shortterm bounce can be driven by temporary hype or market sentiment and may not last
7 What are some key factors I should watch to see if this trend continues
Watch for
Trading Volume Is the amount of XRP being bought and sold increasing along with the price High volume suggests stronger conviction
Market News Any new developments in Ripples lawsuits partnerships or adoption by financial institutions
Overall Crypto Market Is Bitcoin and the rest of the market also trending upward
8 Whats the difference between a bull trap and a genuine trend reversal
A