0 0
XRP Price Recovers Above $2.10, Faces $2.220 Resistance Challenge
The price of XRP has initiated a recovery wave, surpassing the $2.10 mark. However, it faces resistance near $2.220.
- XRP is trading above $2.10 but below $2.120 and the 100-hourly Simple Moving Average.
- A break occurred above a bearish trend line at $2.080 on the hourly chart.
- The price needs to settle above $2.220 for further upward movement.
- Resistance levels include $2.250, $2.320, $2.350, with significant hurdles at $2.40 and $2.420.
- If unable to clear $2.220, XRP may decline with support at $2.120 and $2.10.
- A break below $2.10 could lead to further drops toward $2.050 and $2.00.
Technical Indicators:
- Hourly MACD shows decreasing momentum in the bearish zone.
- Hourly RSI is above the 50 level.
- Major Support Levels: $2.10 and $2.050.
- Major Resistance Levels: $2.220 and $2.250.
