XRP Price Struggles Below $2.00, Faces Potential Decline

XRP is experiencing a recovery wave, initially rising above $1.950 but facing resistance near $2.00. It currently displays bearish signals and might decline below $1.920.

XRP price began recovering above $1.950 but remains below $2.00 and the 100-hourly Simple Moving Average.
A bearish trend line with resistance at $2.00 is forming on the hourly XRP/USD chart.
If the price falls below $1.920, further declines are possible.

XRP Price Challenges

Despite support above $1.8650 and short-term gains above $1.920, XRP struggles to clear the $2.00 resistance. The price spiked above $1.980 before meeting resistance and remains below the 100-hourly Simple Moving Average.

XRP Price

The major resistance starts at $2.00; overcoming this could lead to targets of $2.0650, $2.10, and eventually $2.20.

Potential Decline

If XRP fails to break the $2.00 resistance, it might decline. Initial support is around $1.920, followed by $1.90. A break below $1.90 could lead to a fall toward $1.8650 or lower.

Hourly MACD indicates slowing momentum in the bullish zone.
RSI is above 50, suggesting some buying interest.

Major Support Levels: $1.920 and $1.90
Major Resistance Levels: $2.00 and $2.065