XRP is showing resilience by maintaining a stable price above $2.20 even as the general crypto market faces pressure and Bitcoin experiences a decline. This indicates a defensive stance by bulls to hold a critical support zone.
There is now a bearish trend line visible on the hourly chart, with the price experiencing resistance at around $2.3250. Additionally, XRP is trading below the $2.350 mark and the 100-hourly Simple Moving Average, signaling a possible consolidation phase.
Key resistance levels are identified at $2.320, $2.350, and $2.40, which the bulls need to breach to change the trend. Despite this scenario, support levels continue to keep the price stable.