{"id":49053,"date":"2025-03-03T04:08:53","date_gmt":"2025-03-03T04:08:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49053"},"modified":"2025-03-03T04:08:53","modified_gmt":"2025-03-03T04:08:53","slug":"xrp-price-explodes-30-can-the-momentum-continue","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49053","title":{"rendered":"XRP Price Explodes 30%\u2014Can The Momentum Continue?"},"content":{"rendered":"

XRP price started a fresh increase above the $2.50 resistance. The price is up over 30% and now faces resistance near the $3.00 barrier.<\/em><\/p>\n

XRP price started a fresh increase above the $2.50 level.
\nThe price is now trading above $2.750 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $2.40 on the hourly chart of the XRP\/USD pair (data source from Kraken).
\nThe pair might continue to move up if there is a clear move above the $3.00 resistance zone.<\/p>\n

XRP Price Rises Steadily<\/h2>\n

XRP price extended losses toward the $2.00 level before the bulls appeared, like Bitcoin<\/a> and Ethereum<\/a>. The price formed a base and started a fresh increase above the $2.20 level.<\/p>\n

The price surged above the $2.50 and $2.65 levels. It even surged above $2.80 and tested $3.00. A high was formed at $3.00 and the price is now consolidating gains. It traded toward the 23.6% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high.<\/p>\n

The price is now trading above $2.75 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.40 on the hourly chart of the XRP\/USD pair. On the upside, the price might face resistance near the $2.90 level. The first major resistance is near the $3.00 level.<\/p>\n

<\/a><\/p>\n

The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.350 resistance. Any more gains might send the price toward the $3.420 resistance or even $3.450 in the near term. The next major hurdle for the bulls might be $3.50.<\/p>\n

Are Dips Limited?<\/h2>\n

If XRP fails to clear the $3.00 resistance zone, it could start another decline. Initial support on the downside is near the $2.750 level. The next major support is near the $2.620 level.<\/p>\n

If there is a downside break and a close below the $2.62 level, the price might continue to decline toward the $2.50 support. The next major support sits near the $2.40 zone and the trend line.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for XRP\/USD is now losing pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $2.750 and $2.620.<\/p>\n

Major Resistance Levels \u2013 $2.950 and $3.00.<\/p>","protected":false},"excerpt":{"rendered":"

XRP price started a fresh increase above the $2.50 resistance. The price is up over 30% and now faces resistance near the $3.00 barrier. XRP price started a fresh increase above the $2.50 level. The price is now trading above $2.750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":49054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49053"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49053"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49054"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}