XRP Price Stalled After Failing to Hold Momentum Above the $2.20 Resistance Mark

Recent Ripple price movements and XRP news show that this digital currency remains vulnerable to more losses despite rebound attempts.

The XRP price has experienced turbulence in recent days, declining after failing to hold momentum above the $2.20 resistance mark. Recent Ripple price movements and XRP news show that this digital currency remains vulnerable to more losses despite attempts to rebound.

As seen on the chart above, the XRP price is currently trading within a crucial range. The lower support level is at $2.02, while the upper resistance level is at $2.15. The chart shows that the bulls are struggling to break out of the resistance at $2.15, which might be due to the 100-hour Simple Moving Average (SMA) also acting as resistance. If the price fails to break through this level, it could set the stage for another drop towards the Fib level at $2.02 or potentially $1.88.

Relative Strength Index (RSI) on the 1-hour time frame has bounced from oversold territory, indicating some buying pressure. However, the broader Ichimoku Cloud pattern still presents a bearish outlook, with the price remaining below the Ichimoku Kumo Cloud.

If the price manages to rise above the 100-hour SMA and close at this level, it could signal a change in trend. However, with the 50-hour SMA also providing resistance at the 200-hour SMA, further upward movement might be limited.

A Deeper Correction Could Be in Store For XRP

Examining past XRP price action reveals a concerning fractal has appeared, mirroring earlier downturns that resulted in steep corrections.

As we discussed in previous price analysis, Ripple experienced significant declines following massive rallies in 2018 and 2021. After periods of "denial," where the market remained bullish despite clear bearish signals, the price experienced substantial sell-offs, leading to 75-90% corrections.

According to the chart, the live price of XRP is 2.09 today, April 1, 2025, as published on TradingView.

The chart above highlights the fact that the Net Unrealized Profit/Loss for XRP has entered the "denial" zone again in March 2025. As we explained in previous guides, this signals that the coin could be headed for another extended correction.

If the trends continue in a similar fashion, we might see a 60% downturn for Ripple from the recent highs. Such a correction would place the potential downside targets around the 200-week EMA at approximately $0.87. Moreover, the bearish divergence noted on the weekly Relative Strength Index (RSI) further reinforces the need for caution among traders and investors.

Key Support Levels Hold As Bulls Defend Against Further Losses

Despite the prevailing bearish sentiment, the bulls have successfully defended crucial support levels around $2.06 and $2.02. The price rebounded shortly after testing these areas, indicating that some buyers are stepping in to prevent further losses.

To achieve sustainable recovery, XRP needs to clear immediate resistance at $2.15 and then aim for higher targets like $2.22 and $2.47.

The chart shows a bearish structure in EMAs, with short-term moving averages trending below long-term ones. A break above short-term EMAs could indicate a trend shift if bullish momentum builds. Ichimoku Cloud analysis still suggests overhead resistance; however, consolidation hints sellers might be losing some control. Market sentiment could turn bullish following a decisive move above the cloud.

The complete breakdown of the chart and technical indicators suggests that XRP is approaching a critical moment of reckoning. As the cryptocurrency continues to be battered by bearish pressure, it faces an immediate resistance zone between $2.15 and $2.20. A failure to break through this zone could trigger another drop towards Fib level 0.5 at $2.02 or Fib level 0.382 at $1.88.

On the other hand, if the bulls manage to clear the resistance at $2.20, it could pave the way for a rally towards Fib level 0.618 at $2.47 and Fib level 0.786 at $2.59. A successful push above Fib level 1 at $2.88 would be needed to signal a stronger bullish trend.

However, if the price stays below $2.15, we might see prolonged consolidation or another downward move. In this scenario, traders should keep an eye on the Fib level 0.236 at $2.00 and Fib level 0 at $1.88 for signs of stability.

Finally, it's important to consider volume and momentum indicators when making trading decisions. A surge in trading volume could indicate strong interest in XRP, while a decline in volume might signal a loss of momentum. Similarly, indicators like MACD and RSI can provide valuable insights into the strength