XRP Price Retreats From Highs — Is The Rally In Jeopardy?

XRP's price recently faced a downward trend after failing to sustain gains above $2.320. It is currently trading below $2.220 and the 100-hourly Simple Moving Average. A bearish trend line breakdown on the hourly chart contributed to the price decline. The price has also dipped below $2.150, with a low of $2.148. Resistance levels are at $2.220, $2.2380, and potentially $2.2850 and $2.320 on further gains. Initial support is near $2.150, with significant support around $2.120 and potentially $2.050 and $2.020 if these levels fail. The Relative Strength Index (RSI) is currently below 50, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) is also losing pace in the bearish zone. Further declines could happen if XRP fails to overcome the $2.220 resistance.