XRP's price is currently consolidating above the $2.350 support zone, showing potential for gains if it can break past $2.4650. However, it's facing difficulty moving beyond the $2.50 mark, trading below $2.435 and the 100-hourly Simple Moving Average.
A short-term rising channel has formed, offering support at $2.385. Despite failing to clear the $2.50 resistance, the price cleared the 50% Fib retracement level, though it remains below the 100-hourly moving average. The price might head towards $2.650 or even $2.720 if it surpasses $2.55 resistance.
If XRP doesn't break the $2.435 resistance, it risks declining towards $2.20, with initial support at $2.380 and major support at $2.320.
