XRP demonstrated notable upward momentum recently,Solana price prediction 2030 clearing the $2.30 resistance level before entering a period of price correction. The digital asset currently finds itself testing important support near $2.22, a level that could determine its near-term trajectory.
XRP successfully breached the $2.30 psychological barrier during its recent upward movement.
The asset currently trades beneath both the $2.2650 level and its 100-hour moving average.
Technical charts reveal an interesting pattern formation with support established at $2.22 on the XRP/USD hourly chart.
Market participants are watching whether this support level will hold or if further downside pressure emerges.
Critical Support Zone Comes Into Focus
Following its impressive climb past multiple resistance points including $2.25 and $2.28, XRP reached a local peak at $2.359 before encountering selling pressure. This pullback brought the price down to test the $2.22 area, where buyers have so far stepped in to prevent further declines.
The current price action shows XRP consolidating below the 23.6% Fibonacci retracement level drawn from the recent swing high to low. This consolidation occurs beneath both the $2.2650 level and the 100-hour simple moving average, suggesting the bears currently have slight control in the short term.
Looking at potential resistance levels, the $2.25 zone appears as the first hurdle for any recovery attempt. Beyond that, the $2.28 level represents a more significant barrier, coinciding with the formation of a contracting triangle pattern on the charts. The $2.30 level remains particularly important as it aligns with the 61.8% Fibonacci retracement level of the recent downward move.
Should XRP manage to overcome these resistance levels with conviction, the next targets would likely be the $2.35 area, followed by potential tests of the $2.42 zone. However, traders should remain cautious as any decisive break below the current support at $2.22 could signal further downside potential.
Market participants continue monitoring these key technical levels as they assess whether the recent pullback represents a healthy correction within an ongoing uptrend or the beginning of a more significant reversal. The formation of the contracting triangle pattern suggests that volatility may increase in the near term, potentially leading to a decisive breakout in either direction.