XRP Price Alert: Downtrend Threatens Bulls

XRP Price Decline and Potential Resistance Levels

• XRP price declined below the $2.650 resistance level.
• The price is trading above $2.40 and the 100-hourly Simple Moving Average.
• A short-term rising channel is forming with support at $2.40 on the hourly chart.
• Resistance levels are identified at $2.550, $2.650, and $2.750.
• Major support levels are near $2.40 and $2.320.

XRP’s price decline below the $2.650 resistance has led to consolidation above $2.40, with potential resistance near the $2.550 zone as identified by technical indicators.