XRP's market price is consolidating around the $1.450 zone, displaying encouraging signs that suggest a potential leap above the $1.50 threshold. The cryptocurrency, currently priced above $1.450 and riding the momentum of the 100-hourly Simple Moving Average, looks poised for a surge past the $1.465 resistance.
Consolidation at this level suggests an imminent push above $1.465. Recently, XRP broke past a significant bearish trend line, experiencing resistance at $1.4580 on the hourly XRP/USD chart, sourced from Kraken. A successful breach of the $1.500 resistance could bolster momentum for further gains.
The XRP price maintained a stable position above $1.40 after establishing a base near $1.30, reminiscent of movements in Bitcoin and Ethereum.
The crypto ascended past $1.3550 and $1.3750 resistance levels, consolidating a high at $1.5238. The price now hovers near the 23.6% Fib retracement level, spanning the upswing from $1.2828 to $1.5238.
XRP's current trading above $1.45 with an immediate resistance expected near $1.500. Surpassing this could lead to a challenge at $1.5250. Further ambitions may target $1.550 as a pivotal resistance level; a breakthrough could accelerate the price towards $1.5850. Additional gains might edge close to $1.600 or even $1.620, with a substantial barrier for bulls seen at $1.650 or $1.6550.
Should XRP falter at the $1.500 resistance, a downturn may ensue. Initial downside support stands at approximately $1.4300. Below this, $1.40 represents a critical support line, aligning with the 50% Fib retracement from the $1.2828 low to the $1.5238 high. A breach could drive the price downward towards $1.3750 or even the $1.350 zone.
For XRP/USD, the hourly MACD is slowing in its bullish momentum. The RSI remains above the 50 threshold. Key support levels are identified at $1.4300 and $1.4000, while crucial resistance is positioned at $1.5000 and $1.5250.