XRP Price Corrects Gains After Reaching $2.299 High

XRP price experienced an increase above the $2.220 level but is currently correcting gains.

XRP rose above $2.20, trading above the 100-hourly Simple Moving Average.
A break occurred below a bullish trend line with support at $2.220.
The price may test the $2.150 support zone.

XRP Price Movement

The price rose above resistance levels of $2.10 and $2.120, reaching a high of $2.299. Following this, it faced selling pressure and fell below the previous supports.

Resistance at $2.220; initial major resistance at $2.2440.
Next resistances are at $2.30, potentially leading to $2.350.
If XRP breaks $2.30, it may approach $2.450 or $2.50.

Potential Downside Risks

If resistance at $2.220 holds, further declines may occur.

Initial support near $2.20, followed by $2.180.
A close below $2.180 could lead to a drop towards $2.150.
Further support located around the $2.120 zone.

Technical Indicators

MACD shows a loss of momentum in the bullish zone.
RSI is below the 50 level.
Major support levels identified at $2.180 and $2.150.
Major resistance levels at $2.220 and $2.450.