The XRP price has seen a recovery wave after dropping to the $2.20 zone, following the rally in the Bitcoin and Ethereum prices. XRP managed to climb above resistance levels at $2.40 and $2.50, but faced strong selling pressure near $2.640. The price has since corrected and dipped below $2.550, breaking a bullish trend line. It is currently trading below the 100-hourly Simple Moving Average. On the upside, the price may encounter resistance at $2.50 and $2.5350. If it fails to clear these levels, it could start another decline with support at $2.4250 and $2.3750. The next major support is near $2.20. Technical indicators show that momentum in the bullish zone is slowing and the Relative Strength Index is below 50.



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