XRP Price Declines After Rejection at $2.50 Resistance Level
XRP Price Analysis
- XRP price declined after failing to surpass the $2.50 resistance zone.
- Current trading is below $2.420 and the 100-hourly Simple Moving Average.
- A break occurred below a bullish trend line with support at $2.440.
- Further losses may happen if the price breaks below the $2.350 support zone.
The price reached a low of $2.329 but has since recovered slightly above $2.38. Resistance levels are noted at:
- $2.420 (first major resistance)
- $2.450 (next resistance)
- $2.50 (potential target if cleared)
If XRP fails to breach the $2.420 resistance, it may decline further. Support levels to watch include:
- $2.350
- $2.320 (major support)
- $2.20 (if decline continues)
- $2.150 (next major support)
Technical indicators show that the MACD is losing momentum in the bearish zone and the RSI is below 50.