Summary: XRP Price Maintains Support—Can Bulls Push It Higher Again?

The cryptocurrency XRP is currently navigating a crucial phase, having recently experienced a significant price surge that pushed it above the $3.40 threshold. After reaching a high of $3.660, the asset is now consolidating its gains, leaving investors wondering if the bullish momentum can be sustained for further upward movement. The recent price action saw XRP climbing past the $3.350 mark, outperforming Bitcoin and Ethereum, and breaking through the $3.50 resistance. Despite a correction to $3.425, XRP has demonstrated resilience, holding above $3.450 and the 100-hourly Simple Moving Average. A short-term bullish trend line at $3.480 offers immediate support, hinting at a potential continuation of the rally. Bulls are eyeing the $3.550 and $3.60 resistance levels, with a decisive move past $3.60 potentially opening the path to $3.650, $3.720, $3.80, and even the ambitious $4.00 zone. However, caution is advised as technical indicators suggest a tempering of bullish enthusiasm. The Hourly MACD is losing pace in the bullish zone, and the Relative Strength Index (RSI) is currently below the 50 level. Should XRP fail to overcome the $3.550 resistance, it could trigger a decline towards immediate support at $3.480, followed by critical levels at $3.420, $3.350, and ultimately $3.320. XRP's ability to maintain support and break key resistances will determine its immediate trajectory in the volatile crypto market.