XRP Price Drops Below Key Support Levels Amid Ongoing Decline

XRP price is in decline, trading below key support levels.

Current price is below $2.350 and $2.320.
Resistance identified at $2.250 due to a bearish trend line.
A close above $2.3350 is necessary to prevent further declines.

XRP Price Trends

After failing to rise above $2.50, XRP dropped below $2.35 and $2.250, reaching a low of $2.0639. A recovery attempt saw a spike above the 50% Fib retracement level, but resistance remained strong at $2.350.

The price trades below the 100-hourly Simple Moving Average. Resistance levels are set at:

$2.250
$2.3250
$2.40 (61.8% Fib retracement)

A move above $2.40 could target $2.50, with further gains pushing towards $2.550 or $2.5650.

Potential for Further Losses

If XRP does not overcome $2.250, it risks another decline. Key support levels are:

$2.1480
$2.120
Below $2.120, it may drop to $2.050 and approach $2.00.

Technical indicators show a bearish momentum, with MACD gaining strength in the bearish zone and RSI below 50.