XRP Price Faces Resistance Near $2.50 After Recovery from $2.280

XRP price tested the $2.280 zone and is currently facing resistance levels around $2.50 and $2.60.

• XRP started a recovery from the $2.280 support zone.
• Currently trading above $2.40 and the 100-hourly Simple Moving Average.
• Break occurred above a bearish trend line with resistance at $2.450.
• A fresh increase may happen if XRP clears the $2.50 resistance.

XRP Price Outlook

Price movements indicate:

• Recovery initiated above $2.32 and $2.35 levels.
• Bulls pushed past the 23.6% Fib retracement level of the previous drop.
• Resistance identified near $2.5320 (50% Fib retracement) and $2.60.
• Potential upward movement towards $2.720 and then $2.780 or $2.80.

Possible Decline

If XRP does not surpass $2.50, a decline could occur:

• Initial support near $2.380 or the 100-hourly Simple Moving Average.
• Further support at $2.280, with potential decline towards $2.140 and $2.050 if broken.

Technical Indicators

• Hourly MACD shows weakening momentum in the bearish zone.
• RSI for XRP/USD is above 50.
• Major Support Levels – $2.380 and $2.280.
• Major Resistance Levels – $2.50 and $2.60.