XRP Price Faces Resistance Below $2.20 After Decline

XRP price is experiencing a downside correction after failing to hold above the $2.25 level, currently facing resistance near $2.20.

XRP declined from $2.250 and is trading below $2.20.
It tested a low of $2.1320, forming a bearish trend line with resistance around $2.1950.
The price is currently below the 100-hourly Simple Moving Average.
Resistance levels include $2.1780, $2.20, and $2.220; support levels are at $2.1380 and $2.1320.

XRP Price Analysis

XRP failed to stabilize above $2.25, dropping below key support levels. It is consolidating losses near the 23.6% Fib retracement level from the recent high to low.

If XRP cannot break the $2.20 resistance, it may decline further towards $2.080. A close below $2.1320 could lead to continued downward movement.

Technical indicators show a bearish MACD and an RSI below 50.