XRP Price Prediction: After breaking through $2.35, where is the key support level?

Question

**XRP price dynamics** show that after successfully breaking through the **$2.25 resistance zone** and testing the **$2.35 high**, the current price is retreating to **below $2.30**.## The upward trend could not continue: faced with key resistanceAfter successfully **stabilizing above the support level of 2.25 USD** and outperforming **BTC (Bitcoin)** and **ETH (Ethereum)**, XRP/USD has kicked off a new round of upward movement, successfully breaking through the **resistance level of 2.2850 USD**.The bulls once pushed the price above **$2.30**. However, when approaching the **$2.35 area**, they encountered strong **bear resistance**, and the price **rejected and fell back**. The current price has now dropped below the **50% Fibonacci retracement level** of the upward wave from the **$2.205 swing low** to the **$2.353 swing high**.What is more noteworthy is that on the **XRP/USD 1-hour chart**, the **bullish trendline support (located at $2.2650) has been broken**. The current price is trading **above $2.25** and above the 100-hour simple moving average (100-Hour SMA).![](https://img.gateio.im/social/moments-87a9b3933a-c9dbb384a5-153d09-7649e1)## Upside Potential: Key Resistance Levels to WatchIf there is an attempt to rebound, the price may face initial resistance around **$2.280**. The first **major resistance level** is around **$2.2880**.* **Clear breakout of $2.2880 resistance**: could drive the price to test **$2.320 resistance level**.* **Sustained upward momentum**: is expected to challenge **$2.350** resistance, and even reach **$2.3650** in the short term.* **Next Bull-Bear Watershed**: **$2.40** is a more important target level.## More downtrend possible? Key support level analysisIf XRP fails to successfully **break through the resistance area of $2.2880**, it may trigger a **new round of downward trend**.* **Initial Support**: Located near the **$2.25 level**.* **Main Support**: Concentrated around the **$2.24 area**, which is also the **76.4% Fibonacci retracement level** of the aforementioned upward wave (from 2.205 low to 2.353 high).* **Downward Break Risk**: If the price **effectively breaks down and closes below $2.24**, it may continue to slide to the **$2.22 support level**.* **Key Psychological Barrier**: The **$2.20 area** serves as the next important support.## Interpretation of Technical Indicator Signals* **1-hour MACD Indicator**: The MACD for XRP/USD is currently **operating in the bearish zone, with increasing momentum** (indicating heightened downward pressure).* **1-Hour Relative Strength Index (RSI)**: The RSI for XRP/USD has now **fallen below the 50 level** (indicating a weak short-term trend).## Key Price Level Summary* **Main Support Levels**: $2.250 (2.25 USD ), $2.240 (2.24 USD )* **Main resistance levels**: $2.2880 ( 2.288 dollars ), $2.320 ( 2.32 dollars )