XRP Price Recovers Above $2.25, Eyes $2.420 Resistance Zone
XRP has initiated a recovery wave, climbing above $2.250 and the 100-hourly Simple Moving Average.
- The price surpassed a bearish trend line with resistance at $2.240 on the hourly XRP/USD chart.
- A potential move above $2.420 could lead to testing $2.480 and possibly $2.550 or $2.650.
- Major resistance levels are $2.40 and $2.420.
Potential Decline Risks
- If XRP fails to break past $2.420, a decline could occur.
- Initial support is around $2.280, with further support at $2.250.
- A drop below $2.250 could push the price down to $2.20 or even $2.060.
Technical Indicators:
- Hourly MACD: Slowing in the bearish zone.
- Hourly RSI: Above the 50 level.
- Support Levels: $2.280, $2.250.
- Resistance Levels: $2.40, $2.420.
