NewsBTC
Mar 7, 2025
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XRP Price Struggles Below $2.50 Resistance After Recent Recovery

1 min

XRP price is recovering from the $2.20 zone but faces resistance at $2.50.

  • Price started an upward movement from $2.20.
  • Currently trading below $2.50 and the 100-hourly Simple Moving Average.
  • Break occurred below a bullish trend line at $2.550 on the hourly chart.
  • Potential upward movement if resistance at $2.5350 is cleared.

Resistance Levels

XRP has climbed past $2.40 but encountered selling pressure near $2.640. After a correction, it fell below $2.550 and the 50% Fib retracement level of its recent rise from $2.211 to $2.6390.

Key resistance levels include:

  • $2.5350
  • $2.640
  • $2.720
  • $2.80
  • $3.00

Support Levels

If XRP fails to surpass $2.5350, it may decline further. Key support levels are:

  • $2.4250
  • $2.3750 (61.8% Fib retracement)
  • $2.320
  • $2.20

Technical indicators show that the MACD for XRP/USD is losing momentum, and the RSI is below 50.