NewsBTC
Jan 8, 2026
3 0

XRP Price Declines Below $2.250, Faces Resistance Near $2.20

XRP price is experiencing a decline after failing to maintain momentum above $2.320. Key points include:

  • Price started declining below $2.250 and is now trading under this level and the 100-hourly SMA.
  • A break occurred below a bullish trend line with support at $2.245.
  • If XRP settles below $2.150, further downward movement is possible.

The price recently reached a low of $2.141 and is showing bearish signs, staying below the 23.6% Fib retracement from $2.416 to $2.141.

XRP Price

  • Resistance levels are near $2.20 and $2.250. A close above $2.250 could push the price to $2.30.
  • Further resistance is seen at $2.320, and overcoming it may lead to targets of $2.350 and $2.40.

Potential for More Losses

  • If the $2.250 resistance isn't cleared, a fresh decline could start.
  • Initial downside support is at $2.150, with significant support at $2.120.
  • A break below $2.120 may lead to a decline toward $2.050 and possibly $1.880.

Technical Indicators:

  • Hourly MACD: Bearish zone momentum increasing.
  • Hourly RSI: Below 50, indicating bearish sentiment.
  • Major Support Levels: $2.120, $2.050.
  • Major Resistance Levels: $2.20, $2.250.