XRP has demonstrated renewed strength by surpassing the $2.120 resistance level. The usdt price inrdigital asset currently consolidates within a narrow range, with market participants watching for a decisive break above $2.1680 to confirm continuation of the upward trajectory.
XRP successfully cleared psychological barriers at $2.00 and $2.10 during recent trading sessions.
The asset maintains position above both the $2.10 level and the 100-hour Simple Moving Average.
Technical charts reveal a developing bullish trend line offering support near $2.120 on the XRP/USD hourly chart.
A sustained close beyond $2.1680 could open the door for additional upward movement.
Current Market Position and Technical Setup
After establishing a solid foundation above the $1.920 support area, XRP initiated a fresh upward movement alongside other major digital assets. The price action successfully navigated through multiple resistance points, including $2.00 and $2.020, before encountering selling pressure near $2.244.
The subsequent pullback saw XRP retreat below the $2.10 level, testing the midpoint of the recent advance from $1.920 to $2.244. Market participants demonstrated strong interest near $2.080, creating a potential springboard for further gains.
From a technical perspective, the formation of a bullish trend line at $2.120, combined with the price holding above the 100-hour SMA, suggests underlying strength in the current market structure.
Potential Price Trajectories
Immediate resistance appears near $2.1680, with subsequent barriers at $2.20 and $2.240. A convincing breakout above these levels could propel XRP toward higher targets at $2.320 and potentially $2.450-$2.50 in the short to medium term.
Conversely, failure to maintain momentum above $2.1680 might trigger renewed selling pressure. Initial support rests at the trend line near $2.120, followed by more significant levels at $2.080 and $2.050. A breach below $2.080 could test the $1.920 support zone.
Technical Indicators Overview
The hourly MACD shows some loss of bullish momentum, though remains in positive territory. The RSI maintains position above the 50 level, indicating balanced market conditions without extreme overbought or oversold readings.
Key support levels to monitor include $2.120 and $2.080, while resistance zones cluster around $2.1680 and $2.200. Market participants should watch for volume confirmation on any decisive breaks beyond these thresholds.
