$XRP
🚨 XRP COIN Technical Picture 🚨
Looking at technical indicators, the hourly MACD for XRP shows increasing momentum in the bearish zone, while the RSI sits below the 50 level.
For XRP to regain upward momentum, it must first clear the immediate resistance at $2.40, followed by the more substantial barrier at $2.450.
A successful break above $2.450 could potentially send the price toward $2.50, with further targets at $2.60, $2.650, and $2.680 in the near term.
The major hurdle for bulls would then be at the $2.80 level.
However, if XRP fails to break past the $2.450 resistance, further decline seems likely. Initial support sits at $2.3550, with the next major support at $2.320.
A close below $2.320 could trigger a deeper correction, potentially pushing prices toward $2.20 or even $2.120.