XRP Price Declines Below $1.950 as Resistance at $2 Persists

XRP price has declined below the $1.750 zone, testing $1.60 and currently correcting losses while facing resistance near $2.00.

XRP is trading below $1.950 and the 100-hourly Simple Moving Average.
A bearish trend line forms with resistance at $1.935 on the hourly chart.
Price could extend losses if it does not clear the $2.00 resistance.

XRP Price Movement

The price failed to remain above $2.00 and dropped below $1.950 and $1.80. A low was established at $1.610, with recovery movements noted above $1.80 and $1.850.

Currently, XRP is below $1.950, encountering resistance around $1.935, which coincides with the 61.8% Fibonacci retracement level of the recent decline.

Key resistances are positioned at:

$2.00
$2.050
$2.120
$2.150
$2.20

Potential Decline Ahead

If XRP cannot surpass $1.950, another decline may occur. Initial support levels are at:

$1.850
$1.80
$1.740
$1.650

Technical indicators show a bullish MACD and an RSI above 50.