XRP Price Declines Below $2.30 Amid Bearish Market Trends
XRP Price Analysis
- XRP price declined from $2.350, now below $2.30.
- Currently trading under the 100-hourly Simple Moving Average.
- A bearish trend line with resistance at $2.305 is forming on the hourly chart.
- Support found at $2.265; potential recovery noted after surpassing $2.30 and $2.32.
- Resistance levels identified at $2.340 and $2.3720.
- If $2.3720 is surpassed, XRP may target $2.40 or higher.
- Initial support near $2.280; major supports at $2.2650 and $2.2350.
- A close below $2.2650 could lead to further declines towards $2.20.
Technical indicators show a bearish MACD momentum and an RSI below 50.