XRP Price Struggles at $2.280, Potential Decline Below $2.150

XRP Price Analysis

  • XRP is trading near $2.180, facing resistance at $2.2250.
  • The price previously hit a high of $2.286 before starting a downward correction.
  • A bearish trend line is forming with resistance at $2.2250 on the hourly chart.
  • Key support levels are at $2.150 and $2.10.
  • Resistance levels to watch are $2.250 and $2.280.

Potential Movements

  • If XRP breaks above $2.2250, it could test $2.250 and potentially rise to $2.2850 or $2.350.
  • A failure to clear $2.250 might lead to a decline towards $2.150, with further support at $2.10 and $2.00.

Technical Indicators:

  • MACD is losing pace in the bullish zone.
  • RSI is below the 50 level, indicating potential downside pressure.

XRP Price Chart