XRP Powers Through $1.7 Support: Can The Bulls Sustain The Momentum?

XRP has broken past the $1.7 level, signaling a renewed push by the bulls to dominate the market. This critical move has sparked excitement amongst traders, fueling speculation about its capability for further gains. As momentum builds, the highlight shifts as to whether the altcoin can sustain this strength and proceed its upward trajectory.

This text examines XRP’s surge above the $1.7 resistance, exploring the aspects bolstering its bullish momentum. It assesses the cryptocurrency’s potential for continued growth, considering technical indicators, resistance levels, and market trends to find out whether the rally could be sustained or if a reversal is imminent.

Analyzing The Break Above $1.7 Resistance

On the 4-hour chart, XRP is pushing to increase its gains toward its next resistance level of $1.9, maintaining a solid position above the $1.7 support level and the 100-day Easy Moving Average (SMA). Staying above these key levels underscores its strength and signals the potential for continued upward movement. So long as the asset maintains this strength, the subsequent goal will likely be higher resistance levels, driving the worth much more toward $ 1.9 and beyond.

XRP holding firm above $1.7 and the 100-day SMA | Source: XRPUSDT on Tradingview.com

The 4-hour Relative Strength Index (RSI) at 80% indicates strong positive movement for the altcoin, signaling sustained buying pressure. While this implies continued demand, the RSI approaching the overbought zone means traders will closely monitor for any signs of overextension or pullbacks, which may lead to a short-term correction before the rally resumes.

XRP is showing continued upward momentum on the each day timeframe after breaking through the important thing $1.7 resistance level and holding above the 100-day SMA because it advances to the $1.9 mark. This solid performance underscores sustained bullish strength, suggesting that the token is well-positioned for extra price growth. The 100-day SMA reinforces the potential for continued upward movement.

$1.9 level in sight | Source: XRPUSDT on Tradingview.com

Moreover, the each day RSI has increased to 89%, well above the 50% threshold, reflecting strong upbeat strength for the asset. Significantly, this suggests upside pressure and sustained buying activity, with no signs of slowing down. While entering the overbought zone, the RSI highlights the rally’s intensity, implying a persistent rise, though traders will remain cautious for possible corrections.

Price Outlook: Can XRP Secure Long-Term Momentum Above $1.7?

XRP’s price outlook is closely tied to its ability to carry above the $1.7 level. Staying above this support could provide a robust foundation for an prolonged upside, with the next goal being its all-time high of $1.9. A successful breakout above this level could open the door to recent record highs.

Nonetheless, if the cryptocurrency reaches the $1.9 level and fails to interrupt through, a pullback to the $1.7 support is probably going. Moreover, a break below this support may lead to further losses, with the $1.3 level as the subsequent goal, potentially followed by even lower levels.