XRP price started a fresh decline below the $2.650 resistance and is now consolidating losses, possibly facing resistance near the $2.550 zone. Despite attempts to recover above $2.30, there's a short-term rising channel with support at $2.40.
If XRP fails to clear the $2.550 resistance, it could start another decline with initial support near $2.40 and major support near $2.320. A downside break below $2.320 may lead to further decline toward $2.220.
Technical indicators show the MACD losing pace in the bearish zone, while the RSI is above 50.
Source : www.newsbtc.com ↗