XRP price started a fresh increase above the $1.950 resistance level
The price is currently trading above $1.920 and the 100-hourly Simple Moving Average
A short-term bearish trend line was broken with resistance at $1.9750
XRP faces key resistance at the $2.00 level which could trigger further gains if broken
Support levels are established at $1.950 and $1.920 with potential downside to $1.90 if support fails
XRP, the cryptocurrency associated with Ripple, has shown renewed price movement as the market displays signs of recovery. The digital asset has managed to stay above crucial support levels and is now aiming toward the important $2.00 psychological barrier.
XRP price maintained position above the $1.780 support zone before starting its recent upward movement. This increase mirrors similar patterns seen in other major cryptocurrencies like Bitcoin and Ethereum, suggesting a broader market trend rather than XRP-specific factors.
The price successfully climbed above two key resistance points at $1.880 and $1.950. This upward trajectory culminated in a high of $2.089 before entering a period of downside correction.
During this correction, XRP dipped below the $2.00 level. The price moved past the 23.6% Fibonacci retracement level of the upward movement from the $1.7210 swing low to the $2.0895 high.
$XRP failed to get above the range Value Area Low (VAL) at $2.10 on Wednesday
If bulls flip this level into support, we could see a push toward $2.40
Despite this correction, buyers remained active near the $1.920 support level. XRP is now trading above both $1.950 and the 100-hourly Simple Moving Average, technical indicators that many traders monitor for price direction.
Breaking the Bearish Trend
A key development in XRP’s recent price action was the break above a short-term bearish trend line. This trend line had established resistance at approximately $1.9750 on the hourly chart of the XRP/USD pair, according to data from Kraken.
The break above this trend line suggests a shift from bearish to bullish sentiment among traders. Technical analysts often view such breaks as potential signals for continued upward movement.
Looking at the immediate future, XRP may face resistance as it approaches the $2.00 level again. This round number represents both a psychological barrier and a technical resistance point that could prove challenging to overcome.
If XRP manages to break through $2.00, the next major resistance levels would be near $2.050 and then $2.0750. A clear move above these levels could potentially push the price toward $2.120.
Support Levels and Downside Risks
On the other hand, if XRP fails to clear the $2.00 resistance zone, another price decline could occur. The initial support level would be near $1.950, followed by a more substantial support at $1.920.
Should the price break below $1.920, XRP might continue to decline toward $1.90. This level coincides with the 50% Fibonacci retracement level of the recent upward movement from $1.7210 to $2.0895.
The next major support below this would be near the $1.850 zone. Traders will be watching these levels closely to determine potential entry or exit points.
Technical indicators are currently showing positive signals. The MACD (Moving Average Convergence Divergence) for XRP/USD is gaining momentum in the bullish zone, while the RSI (Relative Strength Index) is above the 50 level, suggesting healthy buying pressure.
XRP’s market performance comes amid continued interest in the cryptocurrency space, with investors watching both technical indicators and broader market trends to guide their decisions.
The key question for XRP holders remains whether the cryptocurrency can maintain its upward momentum and successfully break through the $2.00 resistance. Such a breakthrough could open the path to further gains, while failure might trigger another period of consolidation or decline.
For now, XRP continues to trade within this defined range, with both bulls and bears watching closely for signs of the next major price movement. The coming days will be crucial in determining whether XRP can establish itself above the $2.00 level or if it will need more time to consolidate before attempting another upward push.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
