XRP Price Declines Below $2.20, Eyes Support at $2.050
XRP Price Analysis
- XRP price declined below the $2.20 zone after failing to breach resistance at $2.220.
- Current trading is below $2.150 and the 100-hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $2.1480 on the hourly chart.
- If support at $2.050 breaks, further losses are expected.
- The price recently tested a low of $2.081 and is currently consolidating.
- Resistance levels are identified at $2.150 and $2.20.
- Support levels are at $2.080 and $2.050, with potential decline toward $2.00 if broken.
- Technical indicators show MACD gaining momentum in the bearish zone and RSI below 50.
