XRP Holds Above $1.18, Eyes Push Past $1.20 Resistance
XRP has extended a rally that began above $1.1450 and $1.150, mirroring broader gains across Bitcoin and Ethereum, according to NewsBTC. The token pushed through resistance near $1.1680 and briefly touched a high of $1.1926 before entering a consolidation phase.
NewsBTC reported that XRP is currently trading above $1.180 and above its 100-hourly Simple Moving Average, with a bullish trend line offering support on the hourly chart. The outlet’s technical analysis identified $1.1920 and $1.1950 as near-term resistance levels, with a break above $1.20 potentially opening the way toward $1.2150 and $1.2220.
If XRP fails to clear the $1.20 zone, NewsBTC noted the price could retreat toward initial support at $1.1680, followed by $1.1550. A further decline below that level could push XRP toward $1.1400 and the trend line, with deeper support identified near $1.1280 and $1.1120, and a main support floor at $1.080.
Momentum indicators cited by NewsBTC showed the hourly MACD gaining strength in bullish territory, while the hourly RSI remained above the 50 level, suggesting continued upward momentum in the short term.
Separately, the report noted that Ripple has expanded its relationship with global investment manager Brevan Howard, with Ripple Prime now providing multi-asset prime brokerage services.
Based on reporting by www.newsbtc.com.
