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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.
