XRP Price Faces Resistance Near $2.480 and $2.50 Levels

XRP price is in a recovery phase above $2.450 but faces resistance at $2.480 and $2.50.

XRP has recovered above the $2.420 resistance zone.
Current trading is above $2.420 and the 100-hourly Simple Moving Average.
A bullish trend line supports at $2.430 on the hourly chart.
If it breaks below $2.420, further losses are possible.

XRP Price Resistance Overview

XRP began recovering above $2.350, similar to major cryptocurrencies like Bitcoin and Ethereum. It cleared $2.420 and tested $2.50 but faced resistance there, leading to a decline below $2.45.

The price formed a low at $2.40 and is consolidating above this level. It has surpassed the 50% Fib retracement of its recent decline.

Resistance levels include:

$2.4550
$2.480 (76.4% Fib retracement)
$2.50

A breakout above $2.50 may push XRP toward $2.550, with potential further gains to $2.650 or $2.6650. The significant resistance for bulls is at $2.80.

Potential Decline

If XRP does not surpass $2.50, it may decline. Key support levels are:

$2.420
$2.40
$2.350
$2.280

Technical indicators show the MACD losing momentum in the bullish zone and the RSI near 50.

Major support levels are $2.420 and $2.40, while resistance remains at $2.480 and $2.50.