XRP Price Faces Resistance at $1.920 Amidst Decline

XRP is experiencing a price correction after an initial increase above $1.920. It tested the $1.880 zone and is now trading below $1.90, along with the 100-hourly Simple Moving Average.

  • A declining channel or bullish flag pattern is forming with resistance at $1.9250 on the hourly chart.
  • The price might face resistance near $1.90 in case of a fresh upward move.
  • Major resistance levels are identified at $1.920 and $1.950. Clearing these could push the price towards $2.00 and possibly $2.050.
  • If unable to clear $1.920, XRP could decline with support near $1.8650 and $1.8420.
  • Further declines could see the price moving toward $1.770.

Technical indicators show:

  • Hourly MACD is gaining momentum in the bearish zone.
  • Hourly RSI is below the 50 level, indicating potential downward pressure.

XRP Price