XRP Rises—But Is It Temporary?

Below the $2.50 and $2.250 support levels, XRP fell again. Prices are rebounding from the $2.050 support zone.
XRP fell below $2.40 again.
The price is below $2.40 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance at $2.450.
The pair may fall unless it closes over $2.450 barrier.
XRP Tries Recovery
XRP fell like Bitcoin and Ethereum after failing to break $2.620 barrier. Below $2.55 and $2.50 support levels.
The price fell below $2.20 to enter a bearish zone. Price has fallen to $2.0639 and is trying to rebound. A move over the 23.6% Fib retracement level of the falling wave from $2.604 swing high to $2.206 low occurred.
The price is below $2.40 and the 100-hour SMA. The price may encounter resistance at $2.3320 on the upside. The first big barrier is $2.40, the 61.8% Fib retracement level of the negative wave from $2.604 swing high to $2.206 low.
The next hurdle is $2.450. On the hourly XRP/USD chart, a negative trend line with resistance at $2.450 is formed. A clean break over $2.450 might push the market above $2.50. More advances might push the price toward $2.550 or $2.5650. The bulls may face $2.620 next.
Another Fall?
XRP may fall again if it fails to break $2.450. Initial downward support is about $2.2320. Near $2.20 is the next important support.
If the price breaks down and closes below $2.20, it may fall toward $2.120. Near $2.050 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD MACD is rising in the positive zone.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.2320, $2.20.
Two major resistance levels: $2.40 and $2.450.
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