XRP Price Surges to $3.21 Amidst Bullish Momentum

XRP Price Surges Amidst Bullish Momentum and Technical Indicators

XRP price has surged above the $2.95 level, reaching a high of $3.214, demonstrating strong bullish momentum. Currently, the price is trading above $3.020 and the 100-hourly Simple Moving Average, with a bullish flag pattern forming. Key resistance levels are at $3.10 and $3.15, with potential targets at $3.25, $3.35, and $3.50 if momentum continues. Support levels are established at $3.02, $2.95, and $2.85.

Technical indicators, including the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggest that bullish continuation remains likely. The price movement began with a decisive push above the $2.850 zone, followed by successful breaks above the $2.95 and $3.00 resistance levels. This upward trajectory continued until the price encountered resistance near the $3.214 level, where some profit-taking occurred.

Following the recent high, XRP entered a period of healthy consolidation. The price experienced a minor correction, briefly dipping below the $3.12 level. This retracement remained shallow, only reaching the 23.6% Fibonacci retracement level of the upward movement from the $2.6562 swing low to the $3.214 high. Technical analysis reveals the formation of a bullish flag pattern on the hourly chart, with resistance near the $3.10 level. This pattern, combined with the price maintaining levels above both $3.020 and the 100-hourly Simple Moving Average, suggests the potential for continued upward movement.

The immediate price action shows strong support at the $3.020 level, with buyers actively defending this zone. Additional support levels have been established at $2.950, which coincides with the 50% Fibonacci retracement level of the recent upward movement. Trading volumes have remained steady throughout this period, indicating sustained interest from market participants. The volume profile suggests genuine buying pressure rather than speculative activity, lending credibility to the current price levels.

The hourly MACD indicator has entered