XRP's price took a breather after recently breaking above $2.30. It’s now correcting gains but still holding above a key support zone at $2.22, giving bulls a possible launching point for another rally.
🔹 XRP initially surged past major resistance levels, pushing through $2.25 and $2.28, even reaching a local high of $2.359, outperforming both Bitcoin and Ethereum. However, the price has since pulled back and tested the $2.22 support zone.
Trading Below the Moving Average, Triangle Suggests Imminent Break
Currently, XRP is trading below $2.2650 and also under the 100-hour simple moving average, signaling caution among traders. At the same time, the XRP/USD hourly chart shows the formation of a contracting triangle, with the lower boundary sitting right at $2.220.
🔹 Short-term resistance is located around $2.250,
🔹 Stronger resistance awaits near $2.280,
🔹 Major breakout zone remains at $2.30, which also aligns with the 61.8% Fibonacci retracement of the recent correction.
A clear move above $2.30 could propel XRP toward $2.35, and potentially even $2.42, where bulls would face stronger opposition.
What If Bulls Lose Momentum?
If XRP fails to clear $2.2650, it might trigger another decline. The key support to watch is at $2.220, with a secondary level around $2.20.
🔹 A drop below $2.20 could accelerate selling,
🔹 The next potential support zones lie at $2.160 and then $2.120.
Technical Overview
📉 MACD (Moving Average Convergence Divergence) has shifted into bearish territory – indicating cooling momentum.
📊 RSI (Relative Strength Index) remains below the neutral 50 mark, suggesting downward pressure still dominates.
Summary:
🔹 Supports: $2.220, $2.20
🔹 Resistances: $2.2650, $2.30, $2.35
XRP is at a critical juncture. The market is seeking direction — and the $2.22 support could be the springboard for the next bullish surge… if it holds.
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