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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.

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.