NewsBTC
4 hours ago
0 0

XRP Price Falls Below $2.10, Faces Further Decline Risks

XRP is experiencing a decline, trading below $2.150, facing resistance around the $2.10 pivot.

  • Trading below $2.120 and the 100-hourly Simple Moving Average
  • Broke a key bullish trend line at $2.180 on the hourly chart
  • A potential move below $2.00 could trigger further declines

XRP Price Analysis

After failing to sustain a recovery above $2.150, XRP declined past $2.120 and $2.10.

  • Dipped below the 50% Fib retracement level from $1.817 low to $2.286 high
  • Resistance expected near $2.080 and $2.10 levels
  • A break above $2.150 may push the price toward $2.20 or even $2.250

XRP Price

Potential Decline

  • Failure to clear $2.10 might lead to a drop with initial support at $2.00
  • Further support expected at $1.9250, $1.850, and possibly down to $1.80

Technical Indicators

  • Hourly MACD: Increasing in bearish zone
  • Hourly RSI: Below 50
  • Support Levels: $2.00, $1.9250
  • Resistance Levels: $2.10, $2.120