$XRP price holds support at $2, but for how long?
XRP price holds between a rock and a hard place, trading at $2.08 at the time of writing on Tuesday. Support at $2.00 is intact, but upside movement has been capped at under $2.22, a resistance highlighted by the 100-day Exponential Moving Average (EMA).
The Relative Strength Index (RSI) indicator on the daily chart sits above a descending trendline, suggesting that bullish optimism is still intact. However, it has yet to break above the midline, hinting at gradually building sell-side pressure.
A break above the upper range limit at $2.22 would confirm the bullish grip, encouraging more traders to buy XRP and creating bullish momentum to support a breakout toward $3.00.
However, if support at $2.00 is lost, XRP may drop to retest the 200-day EMA around $1.96 before extending the leg down to the April 7 low of $1.62, seeking liquidity ahead of another recovery attempt
