XRP Builds Base—Potential Short-Term Rise

XRP started a new comeback above $2.120. The price is consolidating and may break the resistance of $ 2.350.
A new rebound has started above the $2.120 barrier for XRP.
The price is above $ 2.20 and the average movement for 100 hours.
On the XRP/USD hourly chart, the positive trend line links the $2.25 support.
The pair may rise if it breaks the $ 2.350 barrier.
XRP price expects growth
Like Bitcoin and Ethereum, XRP found support and regained above $2.00. The price broke the $2.050 and $2.120 barrier.
It moved above the $2.250 resistance. However, bears are aggressive at the resistance of $ 2.350. The price consolidation process began after a peak of $ 2.348. The 23.6% Fibonacci retracement level was tested from the low of $1.90 to the high of $2.348.
The price is above $ 2.20 and the average movement for 100 hours. On the XRP/USD hourly chart, the positive trend line links the $2.25 support.
The price may find resistance at $2.30 to the upside. Near $2.350 is the first big hurdle. The next barrier is $ 2.450. A clean breakout above $2.450 may push the market above $2.50. Further advances could push the price towards $2.550 or $2.650. $2.80 may be the next challenge for the bulls.
Another drop?
XRP may fall again if it fails to break $2.350. The trend line and $2.250 provide the first negative support. The next major support is at $2.120, Fibonacci retracement level 50% from the upward rise from the low of $1.90 to the high of $2.348.
A negative break and close below $2.120 may push the stock below $2.050. Near $2.00 is the next important support.
Technical indicators
MACD Courier – MACD XRP/USD is rising in positive territory.
XRP/USD hourly RSI above 50.
Key support levels: $2.250, $2.120.
Two main resistance levels: $2.350 and $2.450
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