XRP has once again struggled to break past the $2.50 resistance zone, leading to a fresh decline. While the price is attempting a recovery, key resistance levels might challenge its upward momentum.
XRP Price Trends & Key Levels
📉 Recent Decline: XRP failed to sustain gains above $2.50, triggering a downward move below $2.42 and $2.40. This movement aligns with similar price drops in Bitcoin and Ethereum.
📉 Break Below Trend Line: The price fell under a crucial bullish trend line at $2.44, slipping to a low of $2.329 before starting a mild recovery.
📈 Current Recovery Attempt: XRP has climbed past $2.38, reclaiming some ground. However, it is still trading below $2.40 and struggling to regain momentum above the 100-hourly Simple Moving Average.
Key Resistance & Support Levels
🔺 Resistance Zones:
• $2.40: Initial resistance level.
$2.42: First major hurdle for a potential rebound.
$2.45: A break above this could signal renewed bullish momentum.
🔻 Support Zones:
$2.35: If broken, the price might extend losses.
$2.32: A key support level to watch in case of further declines.
With XRP facing strong resistance at higher levels, bears seem to have control for now. If buyers fail to push past key resistance zones, we could see further downside pressure.
💬 Will XRP reclaim momentum, or are bears set to dominate? Drop your predictions below!
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