XRP Price Declines Below $2.20 as Breakout Potential Remains
XRP Price Analysis
- XRP price declined below the $2.150 zone.
- Current trading below $2.20 and the 100-hourly Simple Moving Average.
- Resistance forming at $2.170 in a contracting triangle on the hourly chart.
- A close above $2.20 may initiate a recovery.
- Recent low established at $2.120 after decline from $2.335 swing high.
- Next resistance levels are $2.2280 (50% Fib retracement) and $2.250.
- Potential further gains could target $2.2850 and $2.320; major hurdle at $2.350.
- If resistance at $2.20 holds, downside support is at $2.1450 and $2.120.
- Break below $2.120 could lead to declines towards $2.050 and $2.00.
Technical indicators show the MACD losing momentum in bearish territory, while the RSI is above 50.