XRP news today: XRP Price Surges 10% Above $2.150, Faces $2.250 Resistance

XRP, the cryptocurrency associated with Ripple, has recently shown signs of a potential bullish trend, with its price starting a fresh increase above the $2.150 zone. The price is now consolidating and facing hurdles near the $2.250 level, which is a critical juncture for the cryptocurrency's future movements. The 100 Simple Moving Average (SMA) is a key technical indicator that traders closely monitor, and a break above this level could trigger a surge in the price of XRP, signaling a shift in market sentiment from bearish to bullish.

The 100 SMA acts as a dynamic support and resistance level, and a sustained move above it could attract more buyers, leading to a potential price rally. The price of XRP was able to surpass the $2.150 and $2.20 resistance levels, indicating a decent increase. There was a move above the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. Additionally, there was a break above a connecting bearish trend line with resistance near $2.2350 on the hourly chart of the XRP/USD pair. However, the price is now trading below $2.250 and the 100-hourly Simple Moving Average, with the first major resistance near the $2.30 level and 76.4% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low.

If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level, with the next major support near the $2.180 level. If there is a downside break and a close below the $2.180 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone. Technical indicators such as the hourly MACD and RSI for XRP/USD are now gaining pace in the bullish zone and above the 50 level, respectively, suggesting a potential upward movement.

Analysts have been closely watching the movements of XRP, with some predicting that the cryptocurrency could climb to $3–$8 if Ripple plays its cards right. This prediction is based on the potential for increased adoption and partnerships, which could drive demand for XRP. However, it is important to note that these are analyst forecasts and not guaranteed outcomes. The recent surge in XRP's price has also been accompanied by a significant increase in hot capital, which refers to the amount of XRP held in wallets that are actively trading. This increase in hot capital suggests that there is a growing interest in XRP among traders and investors, which could further fuel its price rally.

In conclusion, the price of XRP is currently on edge, with the 100 SMA acting as a critical resistance level. A break above this level could trigger a surge in the price of XRP, driven by increased demand and bullish market sentiment. However, it is important to approach this with caution, as the cryptocurrency market is known for its volatility and unpredictability. The next major hurdle for the bulls might be $2.650, with potential resistance levels at $2.350, $2.420, $2.450, and $2.50 in the near term. The price of XRP is now consolidating and facing hurdles near the $2.250 level, which is a critical juncture for the cryptocurrency's future movements. The 100 SMA is a key technical indicator that traders closely monitor, and a break above this level could trigger a surge in the price of XRP, signaling a shift in market sentiment from bearish to bullish. The price of XRP was able to surpass the $2.150 and $2.20 resistance levels, indicating a decent increase. There was a move above the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. Additionally, there was a break above a connecting bearish trend line with resistance near $2.2350 on the hourly chart of the XRP/USD pair. However, the price is now trading below $2.250 and the 100-hourly Simple Moving Average, with the first major resistance near the $2.30 level and 76.4% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level, with the next major support near the $2.180 level. If there is a downside break and a close below the $2.180 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone. Technical indicators such as the hourly MACD and RSI for XRP/USD are now gaining pace in the bullish zone and above the 50 level, respectively, suggesting a potential upward movement. Analysts have been closely watching the movements of XRP, with some predicting that the cryptocurrency could climb to $3–$8 if Ripple plays its cards right. This prediction is based on the potential for increased adoption and partnerships, which could drive demand for XRP. However, it is important to note that these are analyst forecasts and not guaranteed outcomes. The recent surge in XRP's price has also been accompanied by a significant increase in hot capital, which refers to the amount of XRP held in wallets that are actively trading. This increase in hot capital suggests that there is a growing interest in XRP among traders and investors, which could further fuel its price rally. In conclusion, the price of XRP is currently on edge, with the 100 SMA acting as a critical resistance level. A break above this level could trigger a surge in the price of XRP, driven by increased demand and bullish market sentiment. However, it is important to approach this with caution, as the cryptocurrency market is known for its volatility and unpredictability. The next major hurdle for the bulls might be $2.650, with potential resistance levels at $2.350, $2.420, $2.450, and $2.50 in the near term.