XRP Rises but Fails to Surpass the $2.45 Barrier

XRP/USD Long-term Trend: Bullish

XRP’s price is in a narrow range as it fails to surpass the $2.45 barrier. The cryptocurrency asset trades below the barrier at $2.45 but above the 21-day SMA support or the $2.30 low. Neither bulls nor bears have influenced the price as it is above the 21-day SMA support. On the downside, XRP will drop above the 50-day SMA and hit the $2.00 low if the bears break below the 21-day SMA support.

XRP is surging today to re-enter the $2.45 barrier. On the plus side, if the $2.45 barrier is broken, XRP will reach a high of $2.65. The positive momentum will continue until it reaches the $3.00 high. Today, the value of XRP is $2.46.

Technical indicators

Key Resistance Levels: $2.50, $3.00, $3.50
Key Support Levels: $1.50, $1.00, $0.50

Daily Chart Indicators Reading:

XRP has resumed its bullish trend above the moving average lines since May 8. The initial increase was rejected at the height of $2.65, and XRP found support above the 21-day SMA. XRP is currently on the rise after surpassing the 21-day SMA support. XRP will keep rising as long as it stays above the 21-day SMA. The upward-sloping moving average lines show the current trend.

XRP/USD Medium-term Trend: Bullish

In the shorter time frame, XRP is trending sideways and rising. XRP has soared above the moving average lines as it gets closer to the peak of $2.65. The cryptocurrency asset has been trading below the resistance level at $2.65 but above the $2.30 mark. Despite pushing the price above the $2.65 high, buyers were unable to move it higher. For the third time, the bulls are going back to the $2.65 barrier.

4-hour Chart Indicators Reading

The moving average lines have been horizontal since May 12, when the uptrend came to an end. XRP rises as the price bars remain above the moving average lines. Strong selling pressure at the $2.65 high is indicated by a lengthy candlestick that pierces the price on May 12.

General Outlook for Ripple (XRP)

 XRP remains above the moving average lines but fails to surpass the $2.45 barrier. The cryptocurrency asset will rise once it crosses the $2.65 threshold. The crypto price has already broken past the first barrier at $2.45, but it hasn’t gone up. The crypto signal is range-bound since the altcoin remains inside its bounds.

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