Karla Barker 
XRP Shows Recovery Signs After Finding Support
XRP has managed to find some stability above the $2.10 level, which is interesting to watch. The cryptocurrency started a recovery wave after holding above $2.020, following similar patterns to Bitcoin and Ethereum. It’s not a massive surge, but there’s movement.
What caught my attention was the break above that bearish trend line around $2.080 on the hourly chart. That’s usually a decent sign, though I’ve seen these patterns fail before. The price also moved past the 23.6% Fibonacci retracement level from the recent high of $2.416 down to $2.034.
Right now, XRP is trading above $2.120 and the 100-hour simple moving average. That’s better than where it was, but I’m not getting too excited yet.
Resistance Levels to Watch
The immediate test seems to be around $2.220. That level coincides with the 50% Fibonacci retracement of that same downward move. If XRP can push through that, maybe we see $2.250 next.
But here’s the thing – if it clears $2.250, there’s talk of $2.320, then $2.350, and possibly even $2.40. That feels a bit optimistic to me right now, but markets can surprise you. The $2.420 and $2.450 areas would be the next hurdles if this recovery really gains steam.
Potential Downside Risks
Of course, there’s always the other side. If XRP can’t get past $2.220, we might see another decline. The initial support sits around $2.120, then $2.10.
A break below $2.10 could be concerning – that might push the price toward $2.050. The $2.020 zone becomes important then, and below that, we’re looking at $2.00.
Technical Indicators Give Mixed Signals
The hourly MACD is losing momentum in bearish territory, which isn’t great. But the RSI is above 50, which suggests some buying pressure.
I think the key levels to watch are pretty clear: support at $2.10 and $2.050, resistance at $2.220 and $2.250. The market seems to be testing these boundaries, and which way it breaks will probably determine the next move.
It’s worth remembering that these technical levels are just guides. The crypto market has a way of ignoring them when it wants to. But for now, XRP appears to be finding its footing, even if the path forward isn’t completely clear.