XRP recently failed to hold above the $2.20 level, following Bitcoin and Ethereum into a new round of correction. The price repeatedly broke through the support levels at $2.150 and $2.120, indicating a short-term weakening trend. It even dipped below $2.050, with the lowest point around $2.034 before stabilizing.

During the rebound from the low, the price once surged to $2.080, but this rebound was limited. Based on the decline from the high of $2.415 to the low of $2.034, the Fibonacci retracement level of 23.6% has not yet been recovered. Additionally, the price remains below the 100-hour moving average, and a clear downtrend line has formed on the hourly chart, with resistance around $2.10, limiting the short-term rebound potential.

Looking upward, to re-establish above $2.120 and confirm a breakout with a close, the next target may be around $2.220, corresponding to the 50% Fibonacci retracement level. Further up is the critical resistance at $2.320—once it is effectively broken, the price could continue toward $2.350 and $2.385. The final target may be near $2.40, which is the level bulls need to reclaim.