XRP Price Declines Below $2.250 as Recovery Attempts Face Resistance

  • XRP price declined below $2.250 and is trading under the 100-hourly SMA.
  • There is a bearish trend line with resistance at $2.2250 on the XRP/USD hourly chart.
  • The price attempted to recover above $2.280 but failed, dropping below $2.220.
  • A low was formed at $2.105; attempts to recover hit resistance near $2.220.

XRP Price

  • First major resistance is at $2.250; a close above could push it to $2.30.
  • Next hurdles are at $2.320 (50% Fib retracement level) and potentially up to $2.40, then $2.450, with major resistance around $2.50.
  • If unable to surpass $2.250, initial support lies at $2.150, with major support at $2.10.
  • A break below $2.10 can lead to further decline toward $2.050, potentially reaching $2.00 or even $1.880.

Technical Indicators:

  • Hourly MACD: Losing pace in the bearish zone for XRP/USD.
  • Hourly RSI: Above 50 level for XRP/USD.
  • Major Support Levels: $2.10 and $2.050.
  • Major Resistance Levels: $2.250 and $2.320.