XRP is experiencing renewed bullish momentum after breaking above the $2.20 zone. The price climbed past key resistance levels, signaling a fresh upward wave similar to recent trends seen in Bitcoin and Ethereum. However, bulls now face critical resistance at $2.22, raising questions about XRP’s short-term direction.
Earlier, XRP surged above $2.10 and continued past the $2.120 and $2.220 thresholds. Buyers managed to lift the price as high as $2.299 before selling pressure kicked in. Following that high, the price corrected downward, dipping below $2.220 and $2.2120.
The correction also saw a break below a bullish trend line with support at $2.220 on the hourly XRP/USD chart (data from Kraken). Despite this, XRP is still holding above the $2.20 level and the 100-hourly Simple Moving Average, suggesting underlying bullish support remains.
Resistance Levels in Focus
Immediate resistance lies at $2.220. If XRP manages to reclaim this level, further upside targets include $2.2440 and then $2.30. A confirmed breakout above $2.30 could drive the token toward $2.350 and potentially $2.450 or even $2.50. For the more optimistic bulls, $2.620 stands as the next significant challenge.
Support Levels to Watch
If the price fails to break past $2.220, it could face renewed bearish pressure. Initial support sits at $2.20, with stronger support near $2.180—aligned with the 50% Fibonacci retracement level from the $2.060 low to the $2.299 high.
A drop below $2.180 could trigger deeper losses, pushing XRP toward $2.150. Should bearish momentum intensify, $2.120 may serve as the next key support zone.
Technical Indicators
- MACD (Hourly): Currently losing momentum in the bullish zone.
- RSI (Hourly): Has fallen below the neutral 50 mark, signaling weakening bullish strength.
Support Levels: $2.180, $2.150
Resistance Levels: $2.220, $2.450
As XRP consolidates above $2.20, traders are watching closely to see whether bulls can reclaim control and target higher resistance levels—or if bears will push the token into another corrective phase.
