XRP Price Struggles to Hold Gains – Will Bears Take Control?

The price of XRP is facing challenges in maintaining its position above the key $2.50 level. The current trend suggests a possible decline below the $2.30 support zone. XRP Moves Lower After attempting to break the $2.50 resistance, XRP encountered selling pressure, initiating another drop similar to Bitcoin and Ethereum. The price fell below the $2.45 mark and broke through the key 50% Fibonacci retracement level between the local low of $2.31 and the high of $2.52. Currently, XRP is trading below $2.420 and remains under the 100-hour simple moving average. A significant bullish trend line is forming on the hourly XRP/USD chart, with support around $2.3650, which might temporarily prevent further declines.

Key Resistance Levels If XRP manages to regain bullish momentum, the first major resistance level is near $2.440. However, the primary barrier remains at $2.50. A further resistance level is at $2.52, and if the price successfully clears this zone, XRP could rise toward $2.60 and possibly reach $2.72. In an extended rally, the price might even test the $2.80 level. Risk of Further Decline? If XRP fails to break the $2.50 resistance zone, it could face additional losses. The nearest support level is at $2.3620, which aligns with the 76.4% Fibonacci retracement level between $2.31 and $2.52. A breakdown below this level could lead to a decline toward the next significant support at $2.2650. If bearish pressure intensifies, XRP could drop further to $2.140 or even $2.050. Technical Indicators 📉 Hourly MACD – The MACD indicator for XRP/USD is losing bullish momentum. 📉 Hourly RSI – The Relative Strength Index (RSI) is now below 50, indicating weakening bullish strength. 🔹 Key Support Levels: $2.3650 and $2.280 🔹 Key Resistance Levels: $2.50 and $2.60 Overall, market uncertainty prevails, and the future direction of XRP will depend on whether bulls can maintain key support levels or if bears take full control. 🚀📉

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