XRP climbs 15%, reshaping the short‑term market structure.

crypthub

3 days ago

Current Uptrend

XRP broke above $2.20 and is now trading near $2.35, staying above the 100‑hour SMA. A bullish trend line with support at $2.1650 is visible on the hourly chart from Kraken. The price consolidated after a high of $2.416, remaining above the 23.6 % Fibonacci retracement of the swing from $2.11 to $2.416. Momentum indicators point to continued bullishness.

Potential upside targets

If XRP holds above $2.40, the next resistance lies around $2.42, followed by $2.45 and $2.50 levels. A clear break above $2.45 could open the path toward $2.55 and later $2.65. Each resistance zone aligns with prior swing highs and Fibonacci extensions. Traders are watching these thresholds for further rally confirmation.

Downside risks and technical cues

Failure to breach $2.42 may trigger a pullback toward the $2.35 support zone. A break below $2.26 could push the pair toward $2.20 and further to $2.02 if $2.1650 also falls. The hourly MACD is accelerating in bullish territory while the RSI stays above 50, supporting the current bullish bias. Nevertheless, watch for a decisive close below $2.26 as a warning sign.