XRP Price Remains Above $2.25 Amid Bitcoin Pressure

XRP price remains above $2.25 amidst pressure on Bitcoin, with potential for an increase above $2.40.

XRP shows positive signs above the $2.25 zone.
Current trading below $2.3650 and the 100-hourly Simple Moving Average.
A bearish trend line resistance is forming at $2.380 on the hourly chart.
Price may rise if it stays above the $2.250 support.

XRP Price Consolidation Below $2.50

XRP has not exceeded the $2.40 and $2.45 resistance levels, experiencing limited losses compared to Bitcoin and Ethereum. The last swing low was $2.202, with current consolidation above $2.25.

Key points include:

Price cleared the 50% Fib retracement level from $2.47 to $2.202.
Resistance near $2.380 and a key bearish trend line at that level.
First major resistance is at $2.40 (76.4% Fib retracement).
Next resistance at $2.45, with potential gains leading towards $2.50 and $2.650.
Major hurdle for bulls is at $2.720.

Potential Downside Risks

If XRP fails to break the $2.400 resistance, it may decline further:

Initial support near $2.320 and then $2.250.
A close below $2.250 could lead to a drop towards $2.20 and $2.120.

Technical indicators show the MACD losing momentum in the bullish zone while the RSI remains above 50.