The price of XRP has experienced a significant increase, outperforming both Bitcoin and Ethereum. It has surpassed several resistance levels, including $2.80 and $2.92, reaching as high as $3.20. The price is currently consolidating gains above the 23.6% Fib retracement level and is trading above the 100-hourly Simple Moving Average. There is potential resistance near the $3.050, $3.12, and $3.20 levels, with further gains potentially leading to resistance levels at $3.320, $3.450, and even $3.50. On the downside, initial support is at the $2.980 level, followed by the $2.800 level and a trend line. A break below $2.80 could result in further declines towards the $2.650 and $2.50 support levels. Technical indicators, such as the MACD and RSI, are currently signaling bullish momentum.



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