After hitting the $2.25 threshold, XRP price could not maintain its upward momentum and began to enter a downtrend. The latest developments show that the bulls are pausing or may have 'run out of strength', as the price is fluctuating below the important resistance zone of $2.20 and is below the 100-hour moving average (100-hour SMA).
XRP Drops After Failing to Hold $2.25
Similar to Bitcoin and Ethereum, XRP has sharply reversed after failing to maintain above the $2.25 mark. The price has breached important support levels at $2.220 and $2.20, and created a bottom at the $2.1320 zone. Currently, XRP is in an accumulation phase, readjusting after the recent deep drop.
The hourly price chart shows a new downtrend line has formed, with resistance around $2.1950. This indicates that selling pressure is still dominant.
Nearest Resistance Levels
$2.1780: This is the first short-term resistance if XRP wants to recover.
$2.20: Major resistance zone, also the 50% Fibonacci retracement level of the drop from the peak of $2.2579 to the bottom of $2.1320.
$2.22: If the price decisively breaks this threshold, the market may regain upward momentum.
$2.25: The next target if the recovery momentum is consolidated.
$2.32 - $2.35: Strong resistance zone if the upward trend extends.
$2.50: The next psychological resistance level that the bulls may aim for in the medium term.
Further Downside Risk If Fails to Surpass $2.20
If XRP cannot break and close above the $2.20 zone, selling pressure may continue to increase:
Nearest Supportaround the $2.1380 zone.
Important support level: $2.1320 – if this level is lost, the downtrend may extend to:
$2.080
$2.050
These are the support zones to closely monitor if the price continues to go down.
Technical Indicator Warning of Downward Pressure
Hourly MACD: Moving in a downward direction, indicating that selling momentum is still present.
RSI (Relative Strength Index): Below the 50 threshold – confirming that the market has not regained buying momentum.
Summary
XRP price is facing correction pressure after the drop from the $2.25 range. If it cannot surpass the $2.20 mark in the short term, it is highly likely that the price will continue to decrease and test the support zone at $2.1320 or deeper. However, if XRP can close stable candles above $2.22, a new rally could begin, with targets of $2.25 – $2.32 – $2.50 respectively. Investors need to closely monitor the above price zones to develop a reasonable trading strategy in the context of the market showing strong consolidation signs.