XRP Price Declines Below $2.280 with Resistance at $2.270

XRP price is experiencing a decline below the $2.280 level, currently correcting losses and potentially targeting a move above the $2.250 resistance.

XRP is trading below $2.270 and the 100-hourly Simple Moving Average.
A bearish trend line is forming with resistance at $2.270 on the hourly chart.
If XRP fails to clear the $2.2440 level, it may start another decline.

XRP Price Movement

The price dropped below the $0.3550 resistance and fell beneath the $0.3000 and $0.280 support levels, reaching a low of $0.2132. Currently, it is consolidating above $0.220 after clearing the 23.6% Fib retracement level from the recent high of $2.3540.

XRP is now trading below $2.30 and facing resistance near $2.2440, which corresponds to the 50% Fib retracement level. Key resistances include:

$2.270
$2.30
$2.320
$2.350
$2.420

Potential Decline

If XRP cannot surpass the $2.270 resistance, initial support levels are at:

$2.180
$2.160

A close below $2.160 may lead to further declines towards $2.120 or $2.080.

Technical indicators show that the MACD for XRP/USD is gaining momentum in the bearish zone, and the RSI is below 50.