Web Analytics
NewsBTC
2025-03-14 04:08:49

XRP Price Builds Base—Short-Term Rally May Be Brewing

XRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone. XRP price started a fresh recovery wave above the $2.120 resistance zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.25 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.350 resistance zone. XRP Price Eyes Steady Increase XRP price remained supported and started a recovery wave above the $2.00 zone, like Bitcoin and Ethereum . The price was able to clear the $2.050 and $2.120 resistance levels. There was a move above the $2.250 resistance. However, the bears are now active near the $2.350 resistance zone. A high was formed at $2.348 and the price recently started a consolidation phase. There was a test of the 23.6% Fib retracement level of the upward move from the $1.90 swing low to the $2.348 high. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.25 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.350 level. The next resistance is $2.450. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Drop? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level and the trend line. The next major support is near the $2.120 level and the 50% Fib retracement level of the upward move from the $1.90 swing low to the $2.348 high. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.250 and $2.120. Major Resistance Levels – $2.350 and $2.450.

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约