The XRP price has experienced a fresh increase above the $3.250 level and is currently holding gains. It may continue to increase if it clears the $3.180 resistance level. Despite underperforming Bitcoin, XRP managed to clear several resistance levels, forming a high at $3.3625 before facing a downside correction. The price is now recovering and has moved above the $3.050 level, clearing the 23.6% Fib retracement level. However, it is still trading below $3.20 and the 100-hourly Simple Moving Average. There is a rising channel forming with support at $3.0650, and the price might face resistance near the $3.180 level. If it fails to clear this resistance, it could start another decline with initial support at $3.0650 and major support at $3.00. Technical indicators such as MACD and RSI suggest weakening bullish momentum. If there is a downside break below $3.00, the price might decline further towards the $2.880 support level.



Other News from Today