Is XRP on the Verge of a $3 Breakout? You Won’t Believe What Happens Next! 😲

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Ah, the tale of XRP! Like a phoenix rising from the ashes, it has soared over 5% from the humble abode of $2.50. The price, with a glimmer of hope, seems to be eyeing the lofty heights above the $2.820 resistance zone, as if it were a dreamer reaching for the stars.

  • Our dear XRP has embarked on a fresh journey, breaking free from the shackles of $2.550.
  • Now, it dances above $2.650, basking in the glow of the 100-hourly Simple Moving Average, as if it were a celebrity at a gala.
  • With a triumphant roar, it has shattered the key bearish trend line, leaving the resistance at $2.620 in its dust, much like a hero vanquishing a villain.
  • Should it muster the courage to conquer the $2.750 resistance zone, a fresh wave of exuberance may follow.

XRP Price Takes a Joyful Leap of Over 5%

Our beloved XRP has clung to its support above the $2.50 level, forming a sturdy base like a wise old tree. It has now begun a vigorous ascent above the $2.55 resistance zone, outshining even the mighty Bitcoin and Ethereum, as if to say, “Look at me!”

With a flourish, it has cleared the $2.60 and $2.620 resistance levels, breaking free from the chains of doubt. The price has rallied above the 50% Fib retracement level, as if it were a daring adventurer scaling a treacherous mountain.

Now, it finds itself trading above $2.650 and the 100-hourly Simple Moving Average, but beware! The $2.750 level looms ahead like a dragon guarding its treasure, ready to test our brave XRP.

The first major resistance stands tall at the $2.80 mark, with the next one at $2.820. Should our gallant XRP manage to breach this fortress, it may gallop towards the $2.880 resistance, and who knows? Perhaps even the mythical $2.950 awaits in the shadows, with the ultimate challenge being the $3.00 threshold.

Will the Decline Return?

But lo! If XRP falters and fails to conquer the $2.750 resistance zone, a dark cloud of decline may loom overhead. The initial support on this treacherous path lies near the $2.650 level, with the next major support lurking at $2.60.

Should the price tumble and close below the $2.60 level, it may spiral downwards towards the $2.550 support, with the ominous $2.50 zone waiting like a hungry beast.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone, like a train picking up speed.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level, feeling quite sprightly.

Major Support Levels – $2.650 and $2.60, like trusty shields in battle.

Major Resistance Levels – $2.750 and $2.820, the formidable foes to be vanquished.

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2025-02-20 07:18