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XRP Price Declines Below $2.050 Facing Resistance at $2.040

  • XRP price declined below $2.050 and is facing resistance near $2.040.
  • The price is trading below the 100-hourly Simple Moving Average.
  • A bearish trend line with resistance at $2.040 is forming on the hourly chart.
  • A recovery above $2.080 could lead to further resistance at $2.150, $2.1850, and potentially $2.220.
  • If XRP fails to clear the $2.040 resistance, it may decline further below supports at $2.00 and $1.9880, potentially reaching $1.920 or $1.880.

XRP Price

  • Technical indicators show the Hourly MACD losing pace in the bearish zone, while RSI is above 50.