The XRP price has experienced a significant decline of over 20% after failing to surpass the $3.00 resistance level. The price had previously rallied above the $2.50 and $2.80 levels but was unable to sustain its momentum. It dropped below key support levels, including the 50% Fib retracement level and a bullish trend line at $2.40. Currently, it is trading below $2.40 and the 100-hourly Simple Moving Average, with bids just above the 76.4% Fib retracement level. On the upside, resistance levels are seen at $2.35, $2.40, and $2.4750. Further gains could potentially lead to resistance at $2.620 and $2.750. However, if the price fails to break the $2.40 resistance zone, it may resume its decline with initial support at $2.20 and $2.120. A downside break and close below $2.120 could result in further decline towards the $2.050 and $2.00 support levels.



Other News from Today