XRP's price movement faced difficulties continuing higher after hitting a snag at the $2.780 mark, leading to a downward correction. Presently trading below $2.50 and the 100-hourly Simple Moving Average, a recovery might be possible if XRP clears the $2.50 resistance. A breakout could push the price up towards $2.780 or even further.
The price started a recovery wave after a dip, bolstered by support around $2.250, similar to movements in Bitcoin and Ethereum. Resistance remains near $2.450 and $2.4650, while subsequent resistance can be anticipated at $2.60 and beyond.
If XRP fails to breach the $2.50 mark, it risks further decline with support first at $2.2650, then $2.1420. A sustained drop could see the price dip towards the $2.00 zone.