The How much will 1 ethereum be worth in 2030 redditdigital asset XRP has demonstrated notable strength in recent trading sessions, establishing a solid foundation above the $2.20 psychological level. Market observers note the cryptocurrency is currently testing crucial resistance zones that could determine its near-term trajectory.
XRP has successfully reclaimed territory above the $2.25 threshold, signaling renewed buying interest.
The asset maintains position above both the $2.22 support and the 100-hour moving average, a positive technical signal.
Chart analysis reveals an ascending trendline providing dynamic support near $2.24 on XRP/USD hourly charts.
Market structure remains bullish unless price action closes decisively below $2.20 support.
Technical Landscape Shows Promise
Following its rebound from the $2.15-$2.20 demand zone, XRP has mirrored broader market movements seen in major cryptocurrencies. The subsequent push beyond $2.25 established higher highs, with the recent peak touching $2.294 before encountering profit-taking activity.
The subsequent retracement found stability near the 50% Fibonacci retracement level of the recent upswing, drawn from the $2.162 low to $2.294 high. This consolidation above $2.22, coupled with the 100-hour SMA acting as support, suggests underlying strength in current market conditions.
Market technicians highlight the immediate resistance cluster between $2.30-$2.32 as the next significant hurdle. A convincing breakthrough here could open the path toward testing the $2.35 resistance zone, with potential extensions toward $2.42 and beyond if momentum persists.
Support Structure Remains Intact
Should XRP encounter resistance near current levels, traders are watching several key support areas. The first line of defense emerges near $2.245, followed by the more substantial $2.22 confluence zone where multiple technical factors converge.
A breach below $2.20 would signal potential weakness, with the next meaningful support residing near $2.15. However, current technical readings suggest such a scenario appears less likely in the immediate term.
Technical Indicators
MACD - The momentum indicator shows strengthening bullish divergence on hourly timeframes.
RSI - The relative strength index maintains position above the neutral 50 level, favoring buyers.
Critical Support - $2.22 followed by $2.20.
Key Resistance - $2.30-$2.32 zone, then $2.35.