XRP Price Recovers Above $2.00, Faces Resistance at $2.150

XRP is currently recovering after a decline below $2.00, rebounding from the $1.820 level.

XRP's price is above $2.00 and the 100-hourly Simple Moving Average.
A key bearish trend line was broken with resistance at $2.00 on the hourly chart (source: Kraken).
The price must settle above $2.150 to continue upward momentum.

XRP Price

Potential upward movement may face resistance at $2.120, with major hurdles at $2.150, $2.200, $2.250, and further at $2.320 and $2.350. A significant barrier exists near $2.40.

If XRP fails to clear the $2.150 resistance, it might decline again. Initial support is at $2.00, with major supports at $1.980, $1.880, and further down at $1.8450.

Technical Indicators:

Hourly MACD: Gaining pace in the bullish zone.
Hourly RSI: Above the 50 level.
Major Support Levels: $1.980, $1.880.
Major Resistance Levels: $2.150, $2.250.