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Can XRP Escape Its $2.40 Prison and Charge Into a New Rally? Find Out!

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Ah, XRP, the never-satisfied wanderer of the market. Just when you thought it would settle down, it picks itself up from the cozy comfort of $2.20 and begins its unrelenting pursuit of the elusive $2.40 barrier. Will this be its breakout moment, or just another pit stop in its roller-coaster life?

  • XRP has, yet again, decided it was time for a fresh rally—this time above the $2.250 zone, because why not aim for the stars?
  • It’s now gallantly sitting above $2.30, comfortably above the 100-hourly Simple Moving Average. A true achievement!
  • There seems to be a rising channel, with a support level at $2.3650, like the calm before the storm, on the hourly chart of XRP/USD (courtesy of Kraken, the wise guide of crypto).
  • But hold your breath! If XRP manages to break above the $2.420 resistance, it may just set the stage for a wild ride upwards. Buckle up!

The XRP Saga: More Gains? Or Another Illusion?

Fresh out of the gates, XRP is holding strong above $2.220, and as if following the trend of Bitcoin and Ethereum, it has launched into an upward wave. The price is now flirting with $2.250 and $2.320 levels—oh, the drama!

The bulls, like a determined army, pushed past the $2.350 mark, setting the stage for even more gains. XRP then decided to flirt with $2.475, reaching a high of $2.4752 before it had a brief moment of self-doubt and pulled back. Just a little dip below $2.40, testing $2.330, and then—yes, you guessed it—back on the rise. Is it the Fibonacci retracement magic or pure audacity? Time will tell.

Now, the price is cozying up above $2.350 and that ever-important 100-hourly Simple Moving Average. There’s also a rising channel, because why not add a little structure to the madness? Support is firmly planted at $2.3650, ready for action.

But let’s not get too ahead of ourselves. The road to glory is fraught with resistance. XRP might hit a brick wall at $2.40—oh, the agony! The 50% Fib retracement level from the drop between $2.4752 and $2.3310 also lies in wait like a patient predator. If XRP manages to break above $2.420, it may just have enough momentum to test $2.480, and who knows, maybe $2.550 will come calling soon enough.

But don’t get too attached to these dreams, dear reader. If XRP can leap over the $2.450 hurdle, you might be looking at $2.50 and beyond—perhaps even $2.6350. The next real challenge for the bulls? The daunting $2.750. Will they rise, or will they fall? Only time—and the market—will tell.

What Happens If XRP Gets Cold Feet?

If, by some twist of fate, XRP fails to topple the $2.420 resistance, it could well retreat like a coward into the shadows. The first support on this sad journey lies at $2.3650, a modest cushion to soften the fall. If it breaks below $2.320, then it might just tumble toward the dreaded $2.250 support. And if things get truly ugly, $2.220 will be waiting to catch it, like the last stop before the abyss.

Technical Indicators

Hourly MACD – It seems the MACD for XRP/USD is picking up steam in the bullish zone. Will it hold? Who knows!

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is dancing above the 50 level, showing that there’s still some fight left in the old dog.

Major Support Levels: $2.3650 and $2.320. Good luck, little XRP.

Major Resistance Levels: $2.420 and $2.480. Let’s see if these levels will crumble under pressure.

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2025-05-12 07:27

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