XRP Price Pauses—Can Bulls Recover?
XRP saw a strong move above $2.30 before facing resistance, and it’s now consolidating near a key support level at $2.220.
XRP Maintains Key Support
XRP outperformed both Bitcoin and Ethereum recently, breaking through the $2.250 and $2.280 resistance levels. The price surged to a high of $2.359, entering a bullish zone before facing a corrective pullback.
The correction brought XRP below $2.30 and $2.280, testing the $2.220 support zone. A low formed at $2.2220, and the price is now consolidating losses below the 23.6% Fib retracement level of the $2.359 high to $2.2220 low.
Currently, XRP trades below $2.2650 and the 100-hour Simple Moving Average (SMA). Immediate resistance lies near $2.250, with stronger hurdles at $2.280 and $2.30—the latter aligning with the 61.8% Fib retracement level.
The hourly XRP/USD chart also shows a contracting triangle forming with support near $2.220. A successful breakout above $2.30 could open the doors toward $2.320, with further upside potential to $2.350 and possibly $2.420.
Bearish Risks Below $2.220?
If XRP fails to reclaim $2.2650 and breaks below the $2.220 support, further downside could unfold. The next major support is at $2.20, and a close below that may trigger a deeper decline toward $2.160.
Technical Indicators:
MACD: Bearish momentum on the hourly chart.
RSI: Below 50, signaling weakening bullish strength.
Key Levels to Watch:
Support: $2.220, $2.20
Resistance: $2.2650, $2.30
