#XRP upward price movement remains capped below a longstanding descending trendline resistance, as observed on the daily chart below. Ripple's focus on expanding its stablecoin infrastructure on the XRP Ledger (XRPL) has failed to steady the recovery toward the $3.00 round-figure target.

The minor intraday correction is testing support at $2.22 provided by the 100-day EMA, while the 50-day EMA lies slightly below $2.21. In case bearish momentum mounts, there is a need to prepare for a potential 5.8% drop to the 200-day EMA support at $2.10.

Still, an immediate trend reversal from the 100-day EMA support at $2.22 cannot be ruled out yet. If broader market sentiment improves, the price of XRP could resume its recovery, targeting the peak reached in June at $2.65.