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XRP Price Corrects Gains, Faces Key Resistance at $2.50
- XRP's price rose above $2.50 but is now correcting near $2.40 and the 100-hourly Simple Moving Average.
- A short-term bearish trend line with resistance at $2.440 is forming on the hourly chart of the XRP/USD pair.
- Major resistance levels are at $2.450 and $2.50. Clearing these could lead to testing $2.550 and potentially $2.620.
- If unable to break $2.50, XRP may decline with initial support at $2.3650, followed by significant support at $2.320.
- A break below $2.320 could push the price down to $2.250 or even $2.120.
- Technical indicators show the MACD gaining in the bearish zone, and the RSI is below 50.
