XRP Price Corrects Below $2.120 After Recent High of $2.244
XRP price has begun a correction after rising above the $2.20 resistance level.
- Current trading is below $2.120 and the 100-hourly Simple Moving Average.
- The price has broken below a bullish trend line with support at $2.140.
- A close below the $2.050 support zone may extend losses.
Price Movement Overview
XRP initially increased above $1.980, reaching a high at $2.244 before starting to decline. The price fell below key support levels, including $2.120.
Currently, resistance is noted near:
- $2.120
- $2.180
- $2.20
If it surpasses $2.20, potential targets include $2.250 and $2.320.
Downside Risks
If XRP does not break through the $2.120 resistance, further declines are possible. Key support levels are:
- $2.050
- $2.00
- $1.920
- $1.840
Technical indicators show bearish momentum with MACD in the negative zone and RSI below 50.