XRP Breaks Resistance but Faces Key Test at $2.30

XRP has recently begun to rise again, surpassing the $2.20 resistance level. Currently, the price is consolidating and could potentially push past the $2.30 resistance mark. The price moved above both the $2.20 level and the 100-hour simple moving average, indicating bullish momentum. The breakthrough of a significant bearish trend line at $2.20 on the hourly chart further supports this upward trend. However, if XRP fails to break above $2.30, it may face a downturn. After a period of stability above $2.020, XRP outperformed Bitcoin and Ethereum, advancing past $0.2120 and $0.220. It also broke through the 50% Fibonacci retracement of its previous downward move from $2.3540 to $2.2081, confirming bullish control. Key resistance levels to watch include $2.2850, close to the 76.4% Fibonacci retracement, with further resistance near $2.30, $2.320, and potentially up to $2.3850. Breaking these levels could lead to even higher gains. Should XRP fail to clear $2.30, it might retreat to support near $2.220 or $2.20. A breakdown below $2.20 could extend the decline toward $2.150 or even $2.120. Technical indicators such as the MACD and RSI suggest ongoing bullish momentum in the short term. The MACD is gaining upward strength, and the RSI remains above the neutral 50 level, reinforcing bullish prospects. In summary, XRP is trending positively, with potential for further gains if key resistance levels are surpassed. Conversely, failure to break above $2.30 could lead to a decline, with support levels providing potential reversal zones.