XRP’s price has climbed steadily past $1.1650 and is now consolidating those gains. The token appears to be building momentum for a push above $1.20, where a cluster of resistance levels sits.
Bullish Trendline and Fibonacci Levels
On the hourly chart of the XRP/USD pair, a bullish trend line is forming with support at $0.140. That line converges with the 50% Fibonacci retracement level of the move from $1.0879 to the recent high of $1.1926. The 23.6% Fib has also held as support during consolidation.
Resistance and Support Ranges
Immediate upside targets include $1.1920, $1.1950, and $1.20. Above those, additional resistance lies at $1.2150, $1.2220, and $1.2250. On the downside, initial support is near $1.1680, with deeper floors at $1.1550, $1.1400 (where the trend line and 50% Fib meet), and further at $1.1280, $1.1120, and $1.080.
Technical Indicators Stay in Bullish Territory
The hourly MACD is gaining pace in the bullish zone, while the hourly RSI remains above 50. Both suggest buyers are still in control for now.
What Could Turn the Price Lower
A downside correction could happen if XRP fails to clear the $1.20 resistance zone. If that occurs, the first test would be the $1.1680 support area.
