XRP price started a fresh decline below $2. 250. The price is now attempting to recover and faces resistance near the $2. 32 pivot level. XRP price started a fresh decline below the $2. 250 zone. The price is now trading below $2. 250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2. 2250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2. 10. XRP Price Attempts Recovery XRP price attempted a recovery wave above $2. 280 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2. 250 and $2. 220. There was a move below the $2. 120 support level. A low was formed at $2. 105, and the price is now attempting a recovery wave. There was a move above the 23. 6% Fib retracement level of the downward move from the $2. 525 swing high to the $2. 058 low. The price is now trading below $2. 250 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2. 220 level. There is also a bearish trend line forming with resistance at $2. 2250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2. 250 level. A close above $2. 250 could send the price to $2. 30. The next hurdle sits at $2. 320 or the 50% Fib retracement level of the downward move from the $2. 525 swing high to the $2. 058 low. A clear move above the $2. 320 resistance might send the price toward the $2. 40 resistance. Any more gains might send the price toward the $2. 450 resistance. The next major hurdle for the bulls might be near $2. 50. Another Decline? If XRP fails to clear the $2. 250 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2. 150 level. The next major support is near the $2. 10 level. If there is a downside break and a close below the $2. 10 level, the price might continue to decline toward $2. 050. The next major support sits near the $2. 00 zone, below which the price could continue lower toward $1. 880. Technical Indicators Hourly MACD The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for XRP/USD is now above the 50 level. Major Support Levels $2. 10 and $2. 050. Major Resistance Levels $2. 250 and $2. 320.