XRP Price Pushes for Gains, Resistance Keeps the Market Guessing

XRP's price dipped below $2.120 after failing to maintain its previous gains, indicating a bearish trend. The price is currently attempting a recovery but is encountering resistance around the $2.20 level. XRP is trading below both $2.20 and its 100-hourly Simple Moving Average, suggesting continued downward pressure. A bearish trend line was broken at $2.10, providing a potential signal for a shift. If XRP fails to breach $2.20, further declines are likely, potentially testing support levels. Key resistance levels are identified at $2.1680 and $2.240, which the price needs to overcome for a stronger recovery. Major support levels are at $2.080 and $2.050, where the price may find stability. The hourly MACD is trending downward in the bearish zone, reinforcing the negative sentiment. The Relative Strength Index (RSI) is below 50, further confirming bearish momentum in the market. If the price fails to break the resistance levels, it may fall towards the next support levels.