XRP Price Recovery Meets Resistance at $2.10 Amid Potential Decline

XRP price is showing signs of recovery, moving above $2.050 and trading above $2.060 along with the 100-hourly Simple Moving Average.

  • There is resistance at $2.090 due to a bearish trend line on the hourly XRP/USD chart.
  • If the price moves above $2.1250, it could reach $2.160 and potentially $2.220.
  • Further gains may push the price towards $2.280, with major resistance near $2.450.

XRP Price

Potential Decline

  • Failure to clear $2.10 could lead to a decline.
  • Initial support levels are at $2.050 and $2.00.
  • A break below $2.00 might push the price down to $1.9650 or lower towards $1.850.

Technical Indicators:

  • Hourly MACD indicates bullish momentum.
  • Hourly RSI is above 50, signaling positive momentum.

Key Levels:

  • Support: $2.020, $2.00
  • Resistance: $2.10, $2.160