XRP Price Faces Major Resistance at $2.10 Amid Recovery Attempt

XRP is experiencing a price decline, trading below $2.10, with continued pressure under the 100-hourly Simple Moving Average.

  • XRP began a new decline under the $2.120 level.
  • A key bearish trend line is forming resistance at $2.10 on the hourly chart.
  • The price fell to a low of $2.034 and is attempting recovery.
  • Resistance levels include $2.10, $2.120, and potentially $2.220, which corresponds to the 50% Fib retracement level.
  • If XRP fails to break above $2.120, it may face further declines towards support levels at $2.050, $2.020, and possibly $1.9650.

XRP Price

Technical indicators show the MACD losing pace in the bearish zone and the RSI below 50, indicating ongoing downward pressure.