XRP Price Pullback – Bulls Step In, $3.00 Remains Safe (For Now)

XRP price gained pace for a move above the $3. 120 resistance.

The price is now correcting gains and might start another increase above $3. 080.

XRP price is consolidating gains and facing hurdles near the $3. 080 resistance.

The price is now trading below $3. 060 and the 100-hourly Simple Moving Average.

There was a break below a key bullish trend line with support at $3. 080 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair could continue to rise if it stays above the $3. 00 zone.

XRP Price Eyes Upside Break XRP price managed to stay above the $3. 00 level and started a fresh increase, beating Bitcoin and Ethereum .

The price climbed above the $3. 050 and $3.

120 resistance levels. The bulls even pumped the price above the $3.

150 level. A high was formed at $3.

1865 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $2.

9365 swing low to the $3. 186 high.

Besides, there was a break below a key bullish trend line with support at $3. 080 on the hourly chart of the XRP/USD pair.

However, the bulls are active above the $3. 00 level.

The price is now trading below $3. 060 and the 100-hourly Simple Moving Average.

If the bulls protect the $3. 00 support, the price could attempt another increase.

On the upside, the price might face resistance near the $3. 0620 level.

The first major resistance is near the $3. 080 level.

A clear move above the $3. 080 resistance might send the price toward the $3.

120 resistance. Any more gains might send the price toward the $3.

180 resistance. The next major hurdle for the bulls might be near $3.

250. More Downsides?

If XRP fails to clear the $3. 0620 resistance zone, it could continue to move down.

Initial support on the downside is near the $3. 00 level and the 76.

4% Fib retracement level of the upward move from the $2. 9365 swing low to the $3.

186 high. The next major support is near the $2.

9350 level. If there is a downside break and a close below the $2.

9350 level, the price might continue to decline toward $2. 90.

The next major support sits near the $2. 880 zone, below which the price could gain bearish momentum.

Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $3. 00 and $2.

9350. Major Resistance Levels – $3.

0620 and $3. 120.