Will XRP Break Above $2.30? The Bulls Think So—But Wait!

The price of XRP, that little overachiever, has decided to go for a run above the $2.20 resistance zone. As expected, it’s now consolidating, possibly eyeing a daring leap over the $2.30 resistance barrier. Because why not? 💸

• XRP price has begun its audacious climb above $2.20. Oh, the audacity!
• Currently trading above the $2.20 mark, even the 100-hourly Simple Moving Average can’t keep up.
• A rebellious break above a bearish trend line at $2.20 has occurred, sending the XRP/USD pair into a frenzy (Thanks, Kraken). 💥
• Of course, if $2.30 proves too stubborn, the bears might take a little stroll back. Always a twist, isn’t there?

XRP Price – Will It Keep the Momentum? Or Just a Flirt?

The price of XRP is clinging onto that sweet $2.020 support and trying to prove itself worthy of beating Bitcoin and Ethereum. Moving above $0.2120 and $0.220 is like a high school student acing their finals—impressive, but still, more work to be done.

The bulls managed to surpass the 50% Fibonacci retracement of the downward wave from the $2.3540 high to the $2.2081 low. I mean, who wouldn’t want to retrace their steps when it involves Fibonacci? 📉➡️📈

The price is comfortably lounging above $2.20, with the 100-hourly Simple Moving Average probably thinking, “I guess I’m just a backdrop now.” But don’t relax just yet, there might be a resistance at $2.2850, where the 76.4% Fibonacci retracement will throw a little temper tantrum.

The real test? $2.30. If it conquers this level, a new chapter could open, with $2.320 on the horizon. But don’t get too excited, more gains could lead to a $2.350 peak—because why not aim higher? Still, that pesky $2.3650 and $2.3850 resistance might just steal the show.

Will XRP Tumble Back Down? Only Time Will Tell!⏳

If XRP can’t clear that $2.30 barrier, things could get gloomy again. The first sign of trouble? Support around $2.220. If that breaks, well, it’s off to the $2.20 zone we go. But hey, it’s not all bad—$2.150 support is like the underdog in a sports movie, waiting for its moment of glory.

If things take a dramatic dip, and XRP decides it’s had enough, we could see a drop to $2.120. You know, just a casual decline of a few cents, no big deal.

Technical Indicators (Just for the Nerds Among Us):

Hourly MACD: The MACD for XRP/USD is happily strutting its stuff in the bullish zone. No complaints here.

Hourly RSI: It’s above 50, so things are looking decently optimistic, for now. 🤞

Major Support Levels: $2.220 and $2.20. These are the places to watch if things go south.

Major Resistance Levels: $2.2850 and $2.30. Keep your eyes peeled for fireworks.

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2025-06-04 06:08