XRP surpassed $3 overnight! How high will it go?
Key Support Levels: $3, $2.8
Key Resistance Levels: $3.3, $3.6
1. New Rally Takes XRP Above $3
In the last 24 hours, XRP broke the $3 resistance and reached $3.2 for a brief period. This latest breakout made $3 key support. As long as buyers defend this key level, XRP has a good chance of rising further.
The price is up 34% in the last seven days, making XRP the best performer among the top ten cryptocurrencies by market capitalization.
2. Price reaches a higher and higher high
Since early December, XRP has been moving sideways within a wide range between $2 and $2.8. Now, the price broke the upper limit of this channel which acts as support. If buyers continue to dominate, the next targets are $3.3 and $3.6.
3. Bullish momentum intensifies
Since the daily MACD made a bullish crossover last week, the histogram has been making higher highs. This momentum has intensified over the past two days, allowing the price to reach new highs. All eyes are now on the key resistance at $3.3.
Binance Free $600 (CryptoPotato Exclusive) – Use this link to register a new account and receive an exclusive welcome offer of $600 on Binance (full details).
LIMITED OFFER for CryptoPotato readers on Bybit: Use this link to register and open a FREE $500 position in any coin!
Disclaimer: The information found on CryptoPotato is that of the writers cited. It does not represent CryptoPotato’s opinions on whether to buy, sell or hold investments. It is recommended that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
