XRP Bulls Break Resistance: $3 Target in Sight?

Minor trend line resistance $2.12.

XRPUSD breaks minor trend line resistance after a long consolidation.  It hit an intraday high of $2.2509 and is currently trading around $2.224. A daily close below $1.60 could signal a further minor bearish trend. XRP remains above both short-term (34 EMA and 55 EMA) and long-term moving averages (200-day EMA) on the 4-hour chart confirms bullish trend.

Resistance and Support Analysis
The immediate resistance level for XRP is around $2.25, and a breakout above this level will push prices higher to $2.60/$2.80/$3/$3.40/$4. Any breach above $4 confirms further bullishness, a jump to $5. On the downside, immediate support lies at $1.89 any break below targets  $1.60, $1.27, $1.00, $0.85, and $0.74.

CCI(50)- Bullish

Directional Movement Index - Bullish

Trading Strategy Recommendation

It is good to buy on dips around $2.20 with SL around $1.80 with SL around $3/$3.35.