XRP News Today: XRP Surges 5% Above $2.220 Resistance

XRP price has initiated a fresh upward movement, surpassing the $2.20 mark. Currently, the price is experiencing a correction but is expected to find support around the $2.2150 zone. The cryptocurrency has shown a strong bullish trend, trading above $2.20 and the 100-hourly Simple Moving Average. A key bullish trend line is forming with support at $2.180 on the hourly chart of the XRP/USD pair. This trend line suggests that the price might continue its upward trajectory if it clears the $2.280 resistance zone.

XRP price has remained supported above the $2.080 level and has started a significant increase, outperforming both Bitcoin and Ethereum. The price has climbed above the $2.150 and $2.20 resistance levels, with the bulls pushing it over 5% above the $2.220 resistance. The price tested the $2.3350 zone before correcting some gains. The price is now trading above $2.220 and the 100-hourly Simple Moving Average, with a key bullish trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.320 level, followed by the $2.3350 resistance. A clear move above the $2.3350 resistance might send the price toward the $2.380 resistance. Any further gains might push the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50.

If XRP fails to clear the $2.280 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.2150 level and the 61.8% Fib retracement level of the upward move from the $2.141 swing low to the $2.336 high. If there is a downside break and a close below the $2.2150 level, the price might continue to decline toward the $2.180 support. The next major support sits near the $2.120 zone.

Technical indicators suggest that the MACD for XRP/USD is now losing pace in the bullish zone, while the RSI for XRP/USD is now above the 50 level. Major support levels are at $2.2150 and $2.180, while major resistance levels are at $2.280 and $2.3350. The current trend suggests that XRP price is turning attractive to bulls, with the potential for further gains if it can clear the resistance levels.