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XRP Price Declines Below $2.050 Amidst Bearish Trend
The XRP price is experiencing a decline, currently trading below the $2.050 mark and the 100-hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $2.120 on the hourly chart.
- XRP attempted a recovery above $2.150 but failed to sustain momentum.
- Support levels are at $2.00 and $1.9850, with potential further declines if these are breached.
- Resistance is expected near $2.050 and $2.120; a move above $2.120 could lead to $2.20 and higher.
- The MACD is losing pace in the bearish zone, and the RSI is below 50.

If XRP breaks below $1.9850, further declines toward $1.920 and possibly $1.820 may occur.