As of today, XRP is experiencing a downturn, trading below the $2.20 zone. This follows a failed attempt to surpass the $2.280 level, mirroring the price movements of Bitcoin and Ethereum. The price is currently consolidating losses and may see further declines.
The price has fallen below key support levels at $2.250 and $2.220. There was a break below a bullish trend line with support at $2.180 on the hourly chart of the XRP/USD pair. The pair tested the $2.150 support, with a low of $2.1425.
Currently, XRP is trading below $2.220 and the 100-hourly Simple Moving Average. Resistance is expected near $2.1880, with the first major resistance at $2.20. Further resistance levels are at $2.240 and potentially $2.280, $2.320, or even $2.350 if gains continue. If XRP fails to overcome the $2.220 resistance, it could decline further to $2.150, with subsequent support at $2.120, $2.050, and $2.020.
Technical indicators show a bearish trend: the Hourly MACD is gaining pace in the bearish zone, and the Hourly RSI is below 50.