XRP Price Declines Below $2.20, Key Support Levels at Risk

XRP Price Analysis

XRP price declined below the $2.20 zone.
Current trading is below $2.180 and the 100-hourly Simple Moving Average.
A bearish trend line forms with resistance near $2.1750.
If the price closes above $2.20, it may initiate an upward movement.

XRP failed to maintain levels above $2.25 and began a correction. The price fell below $2.20 and $2.180, reaching a low of $2.095. Currently, it is consolidating losses and trading below the 23.6% Fibonacci retracement level from the previous high of $2.2579.

Key resistance levels are identified at:

$2.1320
$2.1750 (50% Fib retracement)
$2.1950

Should XRP not surpass the $2.1750 resistance, further declines may occur, targeting initial support levels at:

$2.10
$2.080
$2.050
$2.020

Technical Indicators

Hourly MACD indicates bearish momentum.
Hourly RSI is below the 50 level.

Major support levels are at $2.10 and $2.080, while major resistance levels are at $2.1320 and $2.1950.