XRP Price Struggles at $2.650 Resistance Amid Recovery Efforts

XRP's price is attempting a recovery above the $2.50 zone and currently trades above $2.520, surpassing the 100-hourly Simple Moving Average.

Resistance at $2.650 forms due to a key bearish trend line on the hourly chart.
A break above $2.650 could propel XRP toward $2.70 or $2.720.
If XRP cannot surpass $2.650, it might decline with initial support at $2.550 and major support at $2.50.
A drop below $2.50 could lead to further decline towards $2.30 and potentially $2.220.

XRP Price

Technical Indicators:

The MACD is losing momentum in the bullish zone.
The RSI is near the 50 level, indicating equilibrium between buying and selling pressure.
Key support levels are at $2.50 and $2.30, while resistance is at $2.60 and $2.650.