XRP Price Falls Below $2.10, Bears Maintain Control

XRP Price Update

  • XRP's price dropped below $2.080, continuing a decline under the $2.10 zone.
  • Currently trading below $2.10 and the 100-hourly Simple Moving Average.
  • A key bearish trend line shows resistance at $2.080 on the hourly XRP/USD chart from Kraken.
  • If XRP remains below $2.10, further declines are possible.

Resistance and Support Levels

  • Resistance is expected around $2.080 and $2.120, near the 23.6% Fib retracement level.
  • A close above $2.120 may push the price to $2.20 or higher.
  • If unable to breach $2.10 resistance, XRP could fall to initial support at $2.020, with major support at $2.00.
  • A break below $2.00 could lead to a drop toward $1.950 or lower.

Technical Indicators

  • The MACD for XRP/USD is gaining pace in the bearish zone.
  • The RSI for XRP/USD is below the 50 level, indicating bearish momentum.

XRP Price