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XRP Price Faces Bearish Trend, May Fall Below $1.95
XRP Price Analysis
- XRP is experiencing a recovery wave above $1.92 but remains below $2.00.
- A bearish trend line is forming with resistance at $2.030 on the hourly chart.
- The price could decline further if it falls below $1.95.
Current Situation
- XRP rose above $1.950 and $1.980, entering a short-term positive zone.
- It surpassed the 50% Fib retracement level from $2.065 to $1.847 but failed to break $2.020 resistance.
- The price is now trading under the 100-hourly SMA, facing resistance near $2.00 and $2.020 levels.

Resistance Levels
- A close above $2.020 may push the price to $2.065 and then $2.10.
- Further gains could target $2.150 and possibly $2.20.
- The next major hurdle might be around $2.250.
Potential Decline
- If XRP fails to clear $2.020, a decline might start.
- Initial support is at $1.950, followed by $1.9320.
- A break below $1.9320 could lead to declines toward $1.850, then $1.820, or even $1.750.
Technical Indicators
- Hourly MACD: Gaining pace in the bearish zone.
- Hourly RSI: Below the 50 level, indicating bearish momentum.
- Major Support Levels: $1.950, $1.9320.
- Major Resistance Levels: $2.00, $2.020.