XRP Price Falls Below $2.00, Faces Further Decline Risks

XRP's price is experiencing a decline, trading below $2.00 and the 100-hourly Simple Moving Average.

  • Price fell below $2.00 after failing to maintain above $2.10.
  • Broke a contracting triangle support at $2.050, reaching a low of $1.847.
  • Currently consolidating losses with potential resistance near $1.980 and the 61.8% Fib retracement level.

XRP Price

Resistance and Support Levels

  • First major resistance: $2.00. A close above could push price to $2.065, then $2.10, and potentially $2.120 and $2.150.
  • If unable to clear $2.00, price may decline further with initial support at $1.9320, followed by $1.90.
  • A breakdown below $1.90 might lead to declines toward $1.850 and $1.820.

Technical Indicators

  • Hourly MACD: Losing pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $1.920 and $1.90.
  • Major Resistance Levels: $1.980 and $2.00.