XRP Price Remains Above $2.220 with Key Support at $2.2250
XRP price is currently correcting gains after rising from the $2.20 zone.
- XRP has increased above the $2.220 level and is trading above the 100-hourly Simple Moving Average.
- A bullish trend line is forming with support at $2.2250 on the hourly chart.
- If XRP fails to maintain levels above $2.220, further declines could occur.
XRP Price Resistance
XRP recently surpassed the $2.220 resistance, climbing to a high of $2.310 before correcting. The following points are notable:
- Resistance near $2.2720, with major resistance at $2.30 and then $2.320.
- A breakthrough above $2.320 could lead to targets of $2.350 or $2.40.
- The next significant hurdle for upward movement is $2.50.
Potential Decline
If XRP cannot break through the $2.30 resistance, it may decline. Key support levels include:
- $2.2250 and $2.20.
- Failure to hold above $2.20 may lead to further drops toward $2.150 and then $2.120.
Technical indicators show:
- MACD in a bearish zone.
- RSI below the 50 level.