XRP Price Uptrend Stalls—Can It Rise Again?

XRP battled over $2.720 and lately erased gains. The price is falling and may struggle to remain over $2.2650.
After failing to break $2.780, XRP fell again.
The price is below $2.50 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line connects to resistance at $2.4650.
If it breaks $2.50 barrier, the pair may rise again.
XRP Falls Again
Like Bitcoin and Ethereum, XRP began a rebound over $2.250. Price accelerated past $2.450 and $2.500 barrier.
Bulls pushed price over $2.70. Bears stayed busy around $2.80. After reaching $2.780, the price is falling. Prices fell below $2.50. The price fell near the 50% Fib retracement of the rising wave from $1.7501 swing low to $2.7750 high.
The price is below $2.50 and the 100-hour SMA. Price may find resistance at $2.450 on the upside. On the hourly XRP/USD chart, a negative trend line connects to resistance at $2.4650.
Near $2.50 is the first big resistance. The next hurdle is $2.60. A clean break over $2.60 might push the price above $2.780. More advances might push the price toward $2.880 or $2.920. $3.00 may be the bulls' next challenge.
More Losses?
XRP may fall again if it fails to break $2.50. Initial downward support is at $2.2650. The 61.8% Fib retracement level of the ascending wave from the $1.7501 swing low to the $2.7750 high is $2.1420, the next significant support.
A bearish break and closing below $2.1420 might push the price below $2.050. Near $2.00 is the next important support.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $2.260, $2.1420.
Major resistance levels: $2.50, $2.60.
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