XRP Price Increases Above $2.220, Faces Resistance Near $2.280

XRP Price Update

XRP price has increased above the $2.220 level.
Current trading is above $2.180 and the 100-hourly Simple Moving Average.
A bullish trend line is forming with support at $2.20 on the hourly chart.
Clearance of the $2.280 resistance could lead to further gains.

XRP formed a base above $2.120, surpassing both Bitcoin and Ethereum. It peaked at $2.327 but is now correcting, having dipped below $2.280 and the 50% Fib retracement level of the recent upward move.

The price remains above $2.180, close to the 76.4% Fib retracement level. Major resistance levels are identified at $2.280, $2.30, and $2.320. A sustained move above $2.320 may lead to testing $2.350.

If XRP does not break through $2.280, it may decline, with initial support near $2.220 and major support at $2.20. A drop below $2.20 could see the price fall toward $2.150 and then $2.120.

Technical Indicators

Hourly MACD indicates a slowdown in bullish momentum.
Hourly RSI is above the 50 level.
Major Support Levels: $2.220 and $2.20.
Major Resistance Levels: $2.280 and $2.320.