XRP exceeds the resistance barrier .. Does the currency continue to climb about $ 2.40?

The XRP currency moved in a clear upward direction after a period of stability around the level of $ 2.20, and positive indicators began to appear on the possibility of continuing this rise to exceed the 2.285 dollar barrier, which makes the market in a state of anticipation to the reaction of buyers at this important point.

A new upward movement after stability

The currency succeeded in penetrating the level of $ 2.2320, which brought back the rising momentum to the market and opened the door to a new wave of height, and the price is currently trading above this level and also the top of the simple moving average for 100 hours, which confirms the control of buyers in the short term.

It is also noted that a small compression triangle forms on the chart per hour its resistance appears at the level of $ 2.280, which means that any clear penetration of this barrier may lead to an acceleration in the pace of height.

The levels of resistance awaited by the market

The first real obstacles to XRP is located at $ 2.285, and it is close to the level of 76.4 % Vibonacci for the descending movement from the top of 2.3111 to the bottom of $ 2.197, and this level exceeds the way to the currency to reach $ 2.320 and then 2.350 dollars, with the possibility of touching 2.40 or even 2.42 dollars if the bullish momentum continues, and in the short term it may represent a region of $ 2.50 the challenge The largest in front of buyers.

The possibilities of retreat are list

In the event that XRP fails to penetrate the level of $ 2.285, the currency will enter into a new drop, and the first support in this case will be at $ 2.260, followed by the level of 2.2320, which formed the last starting point for ascending, and if this level is broken and closed without it, the losses will extend about 2.20 dollars and then 2.150 dollars.

Technical reading of the XRP movement

Technical indicators show the continuation of the upward inclination, as the MACD index moves in the positive area, and the RSI Relative Index exceeded the level of 50, which reflects a bullish tendency in the short term.