NewsBTC
Feb 26, 2025
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XRP Price Recovers from $2.050 Support Zone After Recent Decline

2 min

XRP price has declined below key support levels and is currently attempting to recover from a low of $2.0639.

  • XRP is trading below $2.40 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $2.450 on the hourly chart.
  • The price may continue to fall unless it closes above the $2.450 resistance zone.

XRP Price Attempts Recovery

The price failed to maintain levels above $2.620 and dropped below $2.50. It is now trading under $2.40, facing potential resistance around $2.3320 and at the $2.40 level, which corresponds to the 61.8% Fib retracement of the recent decline.

XRP Price

Resistance levels are set at $2.450, with an opportunity for higher targets at $2.50 and $2.550 if XRP can break this barrier. The major hurdle remains at $2.620.

Another Decline?

If XRP does not surpass the $2.450 resistance, another decline may occur. Initial support is at $2.2320, followed by $2.20. A close below $2.20 could lead to further declines toward $2.120 and potentially $2.050.

Technical Indicators

  • Hourly MACD is gaining in the bullish zone.
  • Hourly RSI is above 50.
  • Major Support Levels: $2.2320 and $2.20.
  • Major Resistance Levels: $2.40 and $2.450.