The price of XRP has experienced a significant rally, surpassing resistance levels at $1.15 and $1.20. It has even outperformed Ethereum and Bitcoin in recent sessions. The price broke a key bearish trend line and is now consolidating gains above $1.30 and the 100-hourly Simple Moving Average. The next major resistance levels are at $1.420 and $1.450, with further gains potentially reaching $1.550 or even $1.620. On the downside, initial support is at $1.3350, followed by $1.2850. If the price fails to clear the $1.420 resistance, a downside correction may occur towards $1.240 or the 50% Fib retracement level. The MACD indicator is showing bearish momentum, while the RSI is above 50.



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