XRP price started a fresh decline from the $2.350 zone. The price is now moving lower and is currently at risk of more losses below $2.30.

XRP price found support at $2.265 and recently started a recovery wave, following Bitcoin and Ethereum. The price is now trading below $2.35 and the 100-hourly Simple Moving Average.

This fragment of code is written in HTML and it appears to be part of an article or a post on an e-commerce website. Let's break down its components and purpose.

* Ad disclaimer: This portion is meant to be displayed prominently, likely at the top or bottom of the content. It's disclosing that the post is sponsored or an advertisement by "Morbi pretium leo."

* Direct mentions: The text names specific products or brands, such as "XRP price" and "Fib retracement level." This suggests a focus on promoting particular items.

* Price and trends: The code segment is tracking the price movements of XRP and highlights key resistance and support levels for traders to follow.

* Hyperlinks: The "href" attributes in the 'a' tags are meant to be clickable and will take readers to another page or section within the site.

The overall aim of this code snippet is to engage viewers with the product, provide useful information about its price trends, and encourage further interaction with the e-commerce platform.

Here's a possible rendering of this code segment:

Ad disclaimer:

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

XRP price started a fresh decline from the $2.350 zone. The price is now moving lower and is currently at risk of more losses below $2.30.

XRP Price Eyes Dips Again

XRP price found support at $2.265 and recently started a seven-part recovery wave, following Bitcoin and Ethereum. There was a move above the $2.30 and $2.32 resistance levels.

Moreover, the price broke the 23.6% Fib retracement level of the downward move from the $2.4767 swing high to the $2.2670 low. However, the bears were active near the $2.350 level. There is also a new connecting bearish trend line forming with resistance at $2.305 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.35 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.305 level and the trend line.

The first major resistance on the upside is likely to be encountered at the $2.340 level. The next resistance is $2.3720. It is near the 50% Fib retracement level of the downward move from the $2.4767 swing high to the $2.2670 low.

A clear move above the $2.370 resistance might send the price toward the $2.40 resistance. Any more gains might push the price toward the $2.420 resistance or even $2.450 in the near term. The next major psychological resistance is at $2.50.

Another Decline?

If XRP fails to clear the $2.3720 resistance zone, it could start another decline. Initial support on the downside is likely to be seen near the $2.280 level. The next major support is at the $2.2650 level.

If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.2350 support. The next major support is at the $2.20 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.2650 and $2.2350.

Major Resistance Levels – $2.3720 and $2.420.