XRP’s price has seen a significant downturn this week, dropping by 3.61% according to CoinStats. The hourly chart highlights a false breakout from its local support level of $2.2237. While a daily close below this mark might signal further downward pressure toward the $2.20 area. Traders should carefully monitor if XRP closes near or below this level, as this could indicate a continued bearish trend. On a longer timeframe, analysts caution that a strong break-out from the $2.2223 level has yet to occur. If such a breakout happens, the accumulated energy might drive a move toward the $2.15-$2.20 range. Despite short-term challenges for bulls, XRP remains far from key support and resistance levels, indicating limited potential for significant price movements in the near future. As of press time, XRP trades at $2.2326.