NewsBTC
20 hour ago
1 0

XRP Price Declines Below $1.90 Facing Resistance at $1.9350

XRP Price Analysis

  • XRP price is struggling, failing to maintain above $1.950 and has declined below $1.90.
  • Currently trading below $1.880 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $1.9350 on the hourly chart.
  • Potential for further decline if it stabilizes below $1.850.

Resistance and Support Levels

  • Initial resistance is expected near $1.880, with major resistance at $1.9150.
  • If XRP surpasses $1.9150, it could reach $1.9350 and potentially $1.950.
  • The major hurdle for further upward movement is around $2.00 to $2.080.

XRP Price

Potential for Further Losses

  • If unable to clear $1.9150, XRP might decline further.
  • Initial support stands at $1.850, with a significant level at $1.8320.
  • Breaking below $1.8320 could push XRP toward $1.80, with further support at $1.7650 and $1.720.

Technical Indicators

  • Hourly MACD: Trending in bearish zone.
  • Hourly RSI: Below 50 level.