XRP Hourly Breakout: Is $4 Next Stop for XRP Price?
Main Idea
XRP's price shows potential for a breakout to $4, supported by a 12-hour green candle streak and key technical indicators, though it faces resistance at the $3.173 level.
Key Points
1. XRP has posted 12 consecutive green hourly candles, indicating short-term buying pressure after a prior market drop.
2. XRP faces resistance at the hourly SMA 200 at $3.173; breaking this could lead to targets of $3.33 and potentially $4.
3. The hourly RSI is above 50, suggesting bullish momentum, with current support at the hourly SMA 50 at $3.12.
4. XRP has consolidated between $3 and $3.33 after a sharp drop to $2.96 on July 24, with $2.96 acting as a critical support level.
5. A decisive breach of the $3.66 high could propel XRP toward the $4 price target.
Description
Hourly win streak remains significant for XRP price
Latest News
- $751 Million Crypto Crash Puts Dogecoin (DOGE) $0.20 Level at Risk: Details2025-08-01 11:05:23
- 627,973,941 SHIB Stun Market As Key Metric Skyrockets 4,461%2025-08-01 10:55:51
- Will BlackRock Launch XRP ETF? Top Analyst Shares Latest Prediction2025-08-01 10:17:51
- Ethereum Must Never Go Down: Vitalik Buterin2025-08-01 09:54:53
- Shiba Inu (SHIB): Biggest Loss of This Summer2025-08-01 09:07:15