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Jakarta, Pintu News – In recent trading, the price of Ripple (XRP) showed resilience above the $3.00 level despite a correction. With strong support from buyers, the cryptocurrency managed to maintain its position and even recorded gains above some key resistance levels.

Ripple (XRP) managed to maintain a level above $3.00 and even achieved a significant increase. The price managed to break through resistance at $3.050 and $3.120, indicating a strong push from buyers. The price peak was recorded at $3.1865 before a correction. This correction brought the price down below the 50% Fibonacci retracement level of the previous rise that started from a low of $2.9365 to a high of $3.186.
Despite the drop below the bullish trend line on the hourly chart of the XRP/USD pair, buyers remain active above the $3.00 level. Currently, the price is below $3.060 and the 100-hour simple moving average. If the buyers can maintain support at $3.00, there is a possibility that the price will try to rise again.
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In an upside scenario, Ripple (XRP) may face resistance near $3.0620. The first major resistance is near $3,080. If the price can break this resistance, the next move may be towards $3,120 and then to $3,180. The next major hurdle for buyers is near $3,250, which if successfully crossed, could open up further upside opportunities.
On the other hand, if Ripple (XRP) fails to break the $3.0620 resistance zone, the price may continue to fall. Initial support is near the $3.00 level and the 76.4% Fibonacci retracement level of the previous rise. The next major support is near $2.9350.
The hourly MACD indicator for the XRP/USD pair is currently losing momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for XRP/USD is now below the 50 level, suggesting that selling pressure may be on the way. If the price drops below $2.9350, Ripple (XRP) may see a further decline towards $2.90, with the next support at the $2.880 zone.
With strong support at $3.00, Ripple (XRP) still has the potential to go back up. However, it should be cautioned that a break below the key support could trigger further declines. Investors and market watchers should monitor the technical indicators to get a clearer picture of the next direction of price movement.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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