XRP Price Declines Below $2.10 Amidst Resistance Challenges

XRP is experiencing a decline, falling below the $2.10 mark.

Currently trading under $2.020 and its 100-hour Simple Moving Average.
A bearish trend line with resistance at $2.050 is visible on the hourly chart.
The price may continue downward if it drops below $2.00.

Price Analysis

XRP's recovery attempt above $2.120 failed, leading to a fresh decline below $2.10 and $2.050. It dipped under the $2.00 support level, reaching a low of $1.993, now consolidating below the 23.6% Fib retracement level between $2.177 and $1.993.

XRP Price

If XRP surpasses $2.050, it could potentially rise to $2.085 and beyond, encountering resistance at $2.10, $2.150, and eventually $2.220.

Potential for Further Decline

Failure to break the $2.050 resistance could lead to a further slide. Initial support lies near $2.00, followed by $1.9850. A breach under $1.9850 might push the price toward $1.920, with major support around $1.880 and $1.820.

Hourly MACD shows bearish momentum.
Hourly RSI is under 50, indicating weaker buying strength.
Key Support Levels: $2.00, $1.9850
Key Resistance Levels: $2.050, $2.10