XRP Price Prediction: After breaking $2.3, challenge the $2.4 level

XRP price starts a new round of pump In the cryptocurrency market, after the XRP price successfully stabilized above $2.2620, a new round of pump began, outperforming Bitcoin (BTC) and Ethereum (ETH). The price successfully broke through the key $2.280 resistance level, showing positive signals.

Current Bullish Momentum and Technical Patterns Recently, the rise trend is positive, XRP bulls have pushed the price above the key technical level: successfully breaking through the 50% Fibonacci retracement level of the decline from $2.353 high to $2.251 low, and testing the $2.32 area. In addition, a key bullish trend line has formed on the hourly chart of XRP/USD, with the current support level at $2.280.

Currently, the XRP price is trading above $2.280 and above the 100-hour simple moving average (SMA). On the upside, the price may encounter resistance around the $2.320 level. The first major resistance level is near $2.330, which is the 76.4% Fibonacci retracement level of the aforementioned decline.

Upward Targets and Key Resistance If a clear breakout above $2.330 resistance can be achieved, the price may further test the $2.350 resistance level. Continued rise could push the price to challenge $2.40 or even reach $2.420 in the short term. For bulls, the next major target is around the $2.50 region, which will be an important price target for cryptocurrencies.

Potential Pullback Risks and Support Levels If XRP fails to effectively break through the $2.320 resistance zone, it may trigger another round of retracement. The initial support on the downside is at the $2.280 level and the trendline support area. The next major support is near $2.250. If a downward breakout occurs and closes below $2.250, the price may continue to fall, testing the $2.220 support level. A key support area further down is at $2.20, which is an important threshold to pay attention to in blockchain asset trading.

Technical Indicator Interpretation ( Hour Chart )

• MACD Indicator: The MACD for XRP/USD is currently in the bullish zone with increasing momentum, indicating that the cryptocurrency trading strategy can lean towards the positive.
• RSI Indicator: The Relative Strength Index of XRP/USD (RSI) is currently above the 50 level, indicating bullish market momentum.
• Main support levels: $2.280, $2.250 ( key crypto asset support level )
• Main resistance levels: $2.330, $2.350 ( important cryptocurrency resistance area )