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

XRP price gained pace for a move above the $3.120 ￰0￱ 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 ￰1￱ price is now trading below $3.060 and the 100-hourly Simple Moving ￰2￱ 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 ￰3￱ Price Eyes Upside Break XRP price managed to stay above the $3.00 level and started a fresh increase, beating Bitcoin and ￰4￱ price climbed above the $3.050 and $3.120 resistance ￰5￱ bulls even pumped the price above the $3.150 level.

A high was formed at $3.1865 and the price recently corrected some ￰6￱ 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 ￰7￱ price is now trading below $3.060 and the 100-hourly Simple Moving ￰8￱ the bulls protect the $3.00 support, the price could attempt another ￰9￱ the upside, the price might face resistance near the $3.0620 ￰10￱ 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 ￰11￱ more gains might send the price toward the $3.180 ￰12￱ 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 ￰13￱ 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 ￰14￱ next major support is near the $2.9350 ￰15￱ 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 ￰16￱ Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish ￰17￱ RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 ￰18￱ Support Levels – $3.00 and $2.9350.

Major Resistance Levels – $3.0620 and $3.120.