XRP faces resistance near $2.25 after a fresh decline, with bearish momentum posing risks for further drops below $2.10. Recovery attempts highlight mixed market signals.
XRP’s price recently fell below the crucial $2.25 resistance level, signaling a fresh decline after a brief recovery attempt.
Currently trading under the 100-hourly Simple Moving Average, the digital asset faces a bearish trend line resistance around $2.2250 on the hourly chart, hinting at continued short-term weakness.
The price recovery above $2.28 was short-lived, mirroring movements seen in Bitcoin and Ethereum, with XRP struggling to maintain upward momentum.
XRP Faces Key Resistance amid Recovery Attempts
Following a dip below the critical support level of approximately $2.12, XRP formed a low near $2.105 before attempting another recovery wave.
Despite crossing the 23.6% Fibonacci retracement from the $2.525 swing high to the $2.058 low, XRP is still challenged by resistance near $2.22 and the $2.25 pivot point.
Surpassing $2.25 could unlock potential moves to $2.30 and higher resistance levels of $2.32, $2.40, and possibly $2.50.
However, failure to breach $2.25 increases downside risks, with support levels holding around $2.15, $2.10, and ultimately near the $2.00 mark.
Technical indicators highlight XRP’s mixed signals in this phase. The MACD is showing weakening bearish momentum, while the Relative Strength Index remains above the mid-50 level, suggesting a cautious outlook from traders.
Should XRP break below $2.10 decisively, a further drop toward $1.88 could ensue, underscoring the importance of $2.10 as a critical support zone.
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Bearish Outlook if Resistance Holds
If XRP cannot clear the $2.25 to $2.32 resistance zone soon, another decline appears probable.
The pair’s bearish trend line reinforces the likelihood of short-term losses, with essential support levels to watch being $2.15 and $2.10.
Breaking below these thresholds may lead XRP toward lower supports near $2.05 and $2.00.
This downward pressure comes amid a broader market correction scenario, where key cryptocurrencies display similar patterns after failing to hold recovery gains.
In summary, XRP’s current market behavior reflects an ongoing struggle to break above critical resistance points amid bearish technical pressure and mixed momentum indicators.
Closely monitoring the $2.25 resistance and $2.10 support levels will be key for traders anticipating XRP’s next directional move.
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XRP Price Struggles to Break $2.25 Resistance
XRP slips below $2.25 resistance, faces bearish pressure while attempting recovery around $2.32 pivot. Key supports at $2.10 and $2.00 remain critical.