XRP's price stability is being tested as it manages to hold above $2.25 despite Bitcoin's downward pressure. A bearish trend line has now formed, creating resistance at $2.380 on the hourly chart. Although the price couldn't break through $2.40 and $2.45, any losses have been kept in check.
Currently, XRP is trading below the 100-hourly Simple Moving Average, now at $2.3650. Technical indicators are giving mixed signals, adding to the uncertainty in the market. It suggests that XRP's path upward won't be easy, given the external pressures, notably from Bitcoin's performance, which are affecting its stability.
