NewsBTC
2 June 2025
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XRP Price Declines Below $2.220, Faces Risk of Further Losses

XRP price is experiencing a decline, trading below the $2.220 mark and facing key resistance levels.

  • XRP has started declining below the $2.220 zone.
  • Current trading price is below $2.20 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $2.2180 on the hourly chart of the XRP/USD pair.
  • If XRP doesn’t clear the $2.220 level, it may experience another decline.

XRP Price Movement

XRP failed to surpass the $0.3250 resistance, leading to a drop below the $0.2800 and $0.2620 support levels. A low was recorded at $0.2081, with some consolidation above the $0.2120 level. The price is currently below the $2.220 mark and the 100-hourly SMA.

Key resistance levels include:

  • $2.20
  • $2.220
  • $2.250

A successful move above $2.250 could lead to further gains toward $2.280 or even $2.30, while the next major hurdle for bulls is at $2.40.

Potential Downturn

If XRP fails to break the $2.220 resistance, it may drop further, with initial support at $2.1250 and major support at $2.080. A breach below $2.080 could result in declines toward $2.050 or the $2.00 zone.

Technical indicators indicate:

  • MACD is gaining pace in the bearish zone.
  • RSI is below the 50 level.
  • Major support levels: $2.120 and $2.080.
  • Major resistance levels: $2.20 and $2.220.