XRP Price Prepares for Possible Bounce — Support Levels In Focus

XRP experienced an upward price movement from $2.20, subsequently undergoing a correction. The price currently trades above $2.22 and the 100-hourly SMA, supported by a bullish trend line at $2.2250. A failure to stay above $2.22 could trigger another price decline. XRP climbed above $2.25 but faced resistance near $2.32, forming a high at $2.31 before correcting. The price is above the 23.6% Fib retracement level. Resistance levels lie at $2.2720, $2.30, and $2.320; breaking $2.320 could lead to $2.35, $2.40, or even $2.42. $2.50 presents a significant hurdle. Failure to break $2.30 might initiate a decline towards $2.2250, $2.20, or even $2.15. Further downside could push the price to $2.12. Technical indicators, MACD and RSI, are currently bearish. Major support levels are at $2.2250 and $2.20, while major resistance is at $2.30 and $2.320.