XRP Surges 12% Breaking $2.05 Resistance

XRP has shown positive signs recently, with its price turning green and breaking through a crucial resistance level at $2.05. Following a strong rally, XRP is currently hovering around $2.10, taking a brief pause to gather strength for its next move. Traders are optimistic that XRP could push past the next significant level at $2.20, potentially leading to a rally toward $2.50.

Technical indicators such as the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both displaying bullish signals, indicating that momentum is currently in favor of buyers. Overall, the outlook for XRP is improving, and many investors are closely monitoring the situation to see if this upward trend continues. If market conditions remain favorable, XRP could have more room for growth.

After holding steady above the $1.88 support level, XRP surged past $1.98 and $2.05, mirroring similar recoveries seen in other major cryptocurrencies. The token reached a local high of $2.24 before experiencing a slight correction. Despite dipping below $2.12, XRP bulls successfully defended the $2.08 support and trend line, maintaining short-term bullish momentum. Currently, XRP is trading above $2.10 and the 100-hourly SMA, indicating sustained buying pressure.

XRP is now testing immediate resistance at $2.168, with major hurdles at $2.20 and $2.25. A clear move above these levels could open the doors to the $2.32 zone. Further upside might see XRP aim for $2.45 and even $2.50, a crucial psychological level for bulls. The Hourly MACD is gaining strength in the bullish zone, and the RSI remains above 50, adding confidence to the bullish setup.

If XRP fails to close above $2.20 soon, it might start to decline again. The first level of support is around $2.10, followed by $2.08, which is an important level because it aligns with the 50% Fibonacci retracement of the recent price move. If the price falls below $2.08, XRP could slip back down to $2.00 or even as low as $1.92. This would be a warning sign that the current bullish trend is losing strength. However, as long as XRP stays above $2.08, there is still a good chance it will bounce back and attempt to move higher again.

XRP's price has turned green and is now consolidating above $2.10, with technical indicators flashing bullish signals. If bulls can push XRP above $2.20, a fresh rally toward $2.50 could unfold. However, failure to do so could trigger a retest of lower support levels. Traders should monitor XRP’s behavior around the $2.20 resistance and watch for volume confirmation. As long as XRP holds above $2.08 and maintains its bullish MACD/RSI, the outlook remains positive in the short term.