XRP Price Consolidates Above $1.950, Aiming for Gains Above $2.00

XRP price is currently consolidating after increasing above the $1.950 resistance level. To continue its upward trend, it needs to settle above $2.00.

The price increased above $1.880 and $1.950.
Currently trading above $1.920 and the 100-hour Simple Moving Average.
A break above a bearish trend line occurred at $1.9750 on the XRP/USD hourly chart.
Potential for further gains if a close above $2.00 occurs.

XRP Price Analysis

XRP has remained above the $1.780 support and started a new increase. A high was reached at $2.089 before a correction followed, dipping below the $2.00 mark. The price remains supported around $1.920.

Key resistance levels are:

$2.00
$2.050
$2.0750
$2.120
$2.150
$2.20
$2.320

If XRP cannot overcome the $2.00 resistance, it may decline. Initial support levels are at $1.950 and $1.920, with further potential declines towards $1.90 and the $1.850 zone.

Technical indicators show:

MACD gaining pace in the bullish zone
RSI above 50

Major support levels are $1.950 and $1.90, while major resistance levels are at $2.00 and $2.0750.