XRP Price Consolidates Above $1.90, Aims for $2.00 Breakout

XRP price increased above $1.850 and is now consolidating. It needs to settle above $2.00 for further gains.

Price started an uptrend surpassing $1.850 and $1.950 levels.
Currently trading above $1.90 and the 100-hourly Simple Moving Average.
Break occurred above a bearish trend line at $1.8650 on the XRP/USD hourly chart.
Potential for continued gains if it closes above $2.00.

XRP Price Outlook

The price remains above the $1.750 support, climbing past key resistance levels. A peak was reached at $2.089 before correcting.

Current trading is above $1.950, with resistance noted at $2.00 and $2.050. Further resistance lies at $2.0880 and a clear move above could target $2.120 or higher.

Support Levels

If XRP does not breach the $2.00 resistance, a decline may occur. Initial support is around $1.9750, followed by $1.90 and the 50% Fib retracement level from the recent low to high.

A close below $1.90 could lead to further declines towards $1.850 and then $1.80.

Technical Indicators

MACD is losing momentum in the bullish zone.
RSI is above 50.
Major Support Levels: $1.9750 and $1.90.
Major Resistance Levels: $2.00 and $2.0880.