XRP Price Eyes Rebound — Key Support Levels Under the Microscope
XRP is showing early signs of a rebound after climbing above the critical $2.20 level. The price has since corrected slightly from a recent high near $2.31 but remains above $2.22 and the 100-hour Simple Moving Average (SMA). A bullish trend line has formed on the hourly XRP/USD chart, offering near-term support at $2.2250.
After a solid climb from the $2.20 zone, XRP pushed through the $2.22 resistance and even briefly crossed $2.25. However, strong selling pressure emerged near $2.31–$2.32, leading to a minor pullback. The correction retraced below the 23.6% Fibonacci level of the upward move from the $2.148 swing low to the $2.310 high.
XRP now faces key resistance levels ahead. Immediate resistance lies at $2.2720, followed by $2.30 and $2.32. A clean breakout above $2.32 could open the door to higher targets at $2.35 and even $2.42. If bullish momentum continues, XRP might retest the $2.50 level in the near term.
On the downside, if XRP fails to hold above $2.2250, it risks revisiting the $2.20 support zone. A breakdown below that could trigger further losses toward $2.15 or even $2.12, especially as the 61.8% Fibonacci retracement level sits right near $2.20.
From a technical perspective, the hourly MACD is losing bullish momentum and tilting bearish. The RSI is currently below 50, signaling a possible dip in buying strength.
Key Support Levels: $2.2250, $2.20
Key Resistance Levels: $2.30, $2.32, $2.35
As bulls and bears battle around the $2.22–$2.30 range, traders should watch for volume surges and any breakout confirmations above $2.32 or breakdowns below $2.20.