XRP Under Fire — Can Bulls Defend the Key Support Zone?
The XRP price is attempting to recover from the $2.20 level but continues to face resistance near $2.50. After failing to sustain above $2.55, XRP is now trading below $2.42 and the 100-hour SMA, signaling ongoing bearish pressure.
Recently, the bullish trend line with support at $2.32 on the hourly XRP/USD chart was broken, opening the door for potential further downside. However, if the pair manages to reclaim $2.45, a fresh upward move could begin.
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XRP Price Resistance Levels
Similar to Bitcoin and Ethereum, XRP formed a short-term base above $2.25 before rebounding. The price cleared the $2.40 and $2.42 hurdles, with bulls briefly pushing it above $2.50.
However, sellers were active near $2.55, forcing a pullback from the $2.5520 high. The move took XRP below the 50% Fibonacci retracement of the $2.19 → $2.5520 rally.
The break below the trend line support at $2.32 now puts pressure on the bulls. Immediate resistance sits at $2.42, followed by a stronger barrier at $2.50.
A decisive close above $2.55 could pave the way for a move toward $2.58, then $2.65, with a key test awaiting near $2.72.
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Possible Downside Scenario
If XRP fails to reclaim $2.42, another decline could occur.
Initial support lies near $2.32 and the 61.8% Fib retracement of the $2.19 → $2.5520 upswing.
Further losses could drive the price toward $2.275, and a clear break below that zone might send XRP toward $2.22 or even $2.12.
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Key Levels to Watch
Major Support: $2.32, $2.275
Major Resistance: $2.42, $2.50
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