The ethereum founder agedigital asset market witnessed XRP losing momentum after failing to sustain above the $2.22 resistance level. Current technical indicators suggest potential further downside movement.

• XRP's upward momentum stalled decisively at the $2.22 resistance barrier

• The asset currently trades below both the $2.15 psychological level and 100-hour moving average

• A distinct bearish trendline has emerged on XRP/USD charts with resistance near $2.148

• Market participants are closely monitoring the $2.05 support level for potential breakdown

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Technical Breakdown Continues

Following its rejection at higher price levels, XRP mirrored broader market weakness observed in major cryptocurrencies. The digital asset experienced successive lower highs, breaking through several support zones between $2.20 and $2.12.

The recent price action established a local bottom near $2.08 before entering consolidation. Current trading patterns remain bearish, with XRP failing to reclaim even 23.6% of the recent downward move from $2.215 to $2.081.

Technical analysts note the formation of lower highs and lower lows, a classic bearish pattern. The immediate resistance cluster around $2.15 coincides with both the descending trendline and the 50% Fibonacci retracement level of the recent decline.

Should bullish momentum return, initial resistance appears at $2.18, followed by the crucial $2.20 level. A decisive break above this zone could potentially propel XRP toward $2.25-$2.30 resistance areas. However, the current technical setup favors continued downside pressure unless significant buying volume emerges.