XRP Price Consolidates Above $2.00, Faces Resistance at $2.120

XRP price is in a decline, currently consolidating above $2.00 while facing resistance around $2.120.

XRP began a correction from the $2.250 resistance zone.
Trading below $2.10 and the 100-hourly Simple Moving Average.
A bearish trend line is forming with resistance at $2.130 on the hourly chart.
A close below the $2.00 support zone may lead to further losses.

XRP Price Overview

XRP has dropped below the key levels of $2.150 and $2.120, entering a bearish phase. A low was reached at $2.036, and recent trading shows consolidation above $2.00 but below $2.10.

The price faces resistance at:

$2.120
$2.130 (trend line)
$2.180 (first major resistance)
$2.20 (next resistance)

If these resistances are broken, potential upward targets include $2.250 and $2.320, with $2.50 as a significant hurdle.

Potential Declines

If XRP does not surpass $2.120, it may decline further. Support levels to watch are:

$2.030
$2.00
$1.920 (if below $2.00)
$1.840 (next major support)

Technical indicators show that the MACD is weakening in the bearish zone and the RSI is below 50.