XRP Price Declines Below $1.880, Faces Resistance at $1.870

XRP price is experiencing a downside correction after failing to surpass $1.950, currently struggling to stay above $1.850.

  • The XRP price tested the $1.850 zone and is now trading below $1.880 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $1.870 on the hourly chart of the XRP/USD pair (data from Kraken).
  • Clearing the $1.90 level could lead to an increase, potentially testing resistances at $1.950 and $2.00.

XRP Price

Potential Decline

  • If the price fails to break the $1.90 resistance, it may decline further.
  • Initial support is near $1.8420, followed by $1.80.
  • A break below $1.80 could push the price toward $1.770 and $1.750.

Technical Indicators

  • Hourly MACD: Gaining pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Support Levels: $1.8420 and $1.80.
  • Resistance Levels: $1.880 and $1.920.