XRP Price Prediction: Will Breaking the $2.285 resistance level Trigger Further pump?

XRP price starts upward trend After successfully establishing a bottom around the $2.20 area, the price of XRP has initiated a steady upward trend. The current price movement shows positive signals, XRP is expected to break through the $2.285 resistance level, continuing its upward trend. Similar to Bitcoin and Ethereum, XRP kicked off a new round of gains after successfully stabilizing above $2.220, effectively breaking through the key resistance level of $2.2320.

XRP key resistance level facing test The bullish strength has successfully pushed the price above $2.250. More importantly, the price has clearly broken through the 61.8% Fibonacci retracement level from the swing high of $2.3111 down to the low of $2.197. Currently, the XRP price is trading above $2.250 and the 100-hour simple moving average.

• Short-term resistance ($2.280): On the upside, the price is facing resistance near $2.280. A short-term declining triangle is forming on the XRP/USD hourly chart, with its resistance line at $2.280.

• Main Resistance ($2.2850): The first significant resistance is located near $2.2850, which is close to the 76.4% Fibonacci retracement level of the previously mentioned downward wave (from $2.3111 high to $2.197 low).

• Higher Target ($2.320+): If it can effectively break through the $2.320 resistance level, the price may further test the $2.350 resistance area. Continued upward movement could drive XRP to challenge the short-term targets of $2.40 and even $2.420. XRP's next key target looks towards $2.50.

  

XRP Support Levels and Potential Downside Risks If the XRP price fails to successfully break through the $2.2850 resistance area, a pullback may be triggered.

• Initial Support ($2.260): The first support level on the downside is around $2.260.
• Main support ($2.2320): The more important support level is at $2.2320.
• Target Below: If the price declines and closes below $2.2320, it may continue to drop and test the $2.20 support level. The strong support area for XRP is around $2.150.

XRP Technical Indicator Analysis

• Hourly MACD: The MACD indicator for XRP/USD is currently in the bullish zone, and momentum is increasing.
• Hourly Chart RSI: The Relative Strength Index (RSI) is currently above the 50 level, indicating a bullish dominance.

Key XRP Support and Resistance Levels Summary

• Main Support Levels: $2.2320, $2.20
• Main Resistance Levels: $2.2850, $2.320