Yeliz Akmaca 
XRP initiated a fresh upward move after breaking above the $2.150 level.However, the price currently faces resistance at the $2.250 level, sitting just below the 100 SMA.
The hourly chart of the XRP/USD pair shows a breakout above the descending trendline at $2.2350.This breakout signals strong bullish potential. If XRP manages a close above the $2.250 resistance, the price could gain momentum toward the $2.30 level. According to recent reports, 700 million XRP have been locked in escrow.
XRP Shows Fresh Bullish Signals
After finding solid support near the $2.125 level, token resumed its upward move. The token broke through the $2.150 and $2.20 resistance levels, painting a positive picture. The price also moved above the 23.6% Fibonacci retracement level from the $2.359 swing high to the $2.125 low.
With the breakout of the descending trendline near $2.2350, token now tests a strong resistance at $2.250. The first major resistance stands at $2.30, aligning with the 76.4% Fibonacci retracement level of the same move.
If bulls push the price beyond $2.350, Ripple could next target $2.420 and $2.450. Continued bullish momentum may even drive the price toward $2.50 and possibly $2.650 in the short term.
Key Levels to Watch If XRP Drops
If XRP fails to clear the $2.250 resistance, bears may take control. Sellers could drag the price back to the $2.20 support level. A further drop might push it down to the critical $2.180 zone.
A clear move below $2.180 could send XRP toward $2.120, followed by a potential dip to $2.050. These levels will likely attract buyers looking for re-entry points in the short term.
What Do Technical Indicators Say?
MACD: The hourly MACD for XRP/USD is gaining strength in the bullish zone.
RSI: The RSI is currently above the 50 mark, signaling sustained positive momentum.
Key Technical Levels
- Supports: $2.20, $2.180, $2.120
- Resistances: $2.250, $2.30, $2.350, $2.420, $2.450, $2.650
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