XRP Price Declines Below Key Support Levels Amid Bearish Trend

XRP Price Analysis

• XRP price declined from the $2.85 resistance zone.
• Current trading is below $2.650 and the 100-hourly Simple Moving Average.
• A bearish trend line with resistance at $2.620 is forming on the hourly chart.
• Price tested a low of $2.470, currently consolidating near the 23.6% Fibonacci retracement level.

Resistance and Support Levels

• Key resistance levels are at $2.60 and $2.650.
• Next major resistances are at $2.70 and potentially $2.80.
• Initial support levels are at $2.50 and $2.480.
• Further declines could target $2.420 and $2.350 if the $2.480 level breaks.

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