XRP Price Eyes Fresh Surge XRP price formed a bas

XRP price formed a base above the $2.080 level and started a fresh increase, like Bitcoin and Ethereum. The price was able to climb above the $2.120 and $2.150 resistance levels.

There was a break above a bearish trend line with resistance at $2.190 on the hourly chart of the XRP/USD pair. The pair even cleared the $2.20 level. A high was formed at $2.2191 and the price is now correcting gains. There was a move below the $2.20 level, but it is still above the 23.6% Fib retracement level of the upward move from the $2.070 swing low to the $2.2191 high.

The price is now trading above $2.180 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.220 level. The first major resistance is near the $2.250 level. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance.