XRP Price Plummets: Can It Recover?
XRP's price has taken a nosedive, dropping below $2.350. The price has retested the $2.20 support level and is attempting to rebound.
After failing to break above $2.50, XRP's price has fallen again, mirroring the decline of Bitcoin and Ethereum. The price has dropped below $2.45 and $2.40, losing almost 5% of its value.
To turn things around, XRP's price needs to break above the $2.40 barrier. If it succeeds, the price could rise to $2.50 and $2.55.
However, if XRP's price fails to break above $2.40, it could plummet to $2.20 and $2.050.
Technical indicators are flashing warning signs:
- Hourly MACD is losing momentum in the bearish zone.
- Hourly RSI is below 50.
Major support levels: $2.20 and $2.050.
Major resistance levels: $2.40 and $2.450
