XRP Price Recovers Above $2.150, Eyes Resistance at $2.20
XRP has started recovering from a decline, initially testing the $2.080 support level and is now trading above $2.150.
- The price is above the 100-hourly Simple Moving Average.
- A short-term rising channel is forming with support at $2.140.
- If XRP clears the $2.20 resistance, it may continue to rise toward $2.250 and beyond.
XRP Price Recovery
XRP previously declined below $2.250, reaching a low of $2.085. The current recovery includes movements above the $2.10 and $2.120 levels, surpassing the 23.6% Fib retracement of the drop from $2.338 to $2.085.
Resistance levels include:
- $2.20
- $2.2120 (50% Fib retracement)
- $2.250
- $2.320
- $2.350
- $2.420
Potential Decline
If XRP fails to break through the $2.20 resistance, it may decline again. Key support levels are:
- $2.140
- $2.120
- $2.080
- $2.020
Technical indicators show bullish momentum, with the MACD gaining pace and the RSI above 50.