XRP exceeded $3 overnight! How high will it go?
Major support levels: $3, $2.8
Main resistance levels: $3.3, $3.6
1. XRP crosses $3 in new rally
In the past 24 hours, XRP broke through the $3 resistance level and briefly reached $3.2. This latest breakout has created major support at $3. As long as buyers defend this important level, there is a good chance that XRP will rise further.
With a price increase of 34% over the past seven days, XRP is the best performing cryptocurrency among the top 10 cryptocurrencies by market capitalization.
2. Prices make high prices.
Since early December, XRP has been flat in a wide range between $2 and $2.8. Currently, the price has exceeded the upper limit of this channel, which is acting as support. If buyers continue to dominate, the next targets will be $3.3 and $3.6.
3. Bullish momentum strengthens
Since the daily MACD bullish cross last week, the histogram has been making new highs. This momentum has further strengthened over the past two days, allowing prices to reach new highs. All eyes are now on the key resistance level at $3.3.
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Cryptocurrency charts by TradingView.
