XRP price slipped below $2.00 and is facing resistance near $2.020, trading under the 100-hourly SMA. A break and close below $1.950 could push the pair lower, while a decisive move above $2.020 would reopen upside targets.
Key points
– XRP fell below the $2.00 zone and the 100-hourly SMA.
– A bearish trend line on the hourly chart caps gains near $2.020.
– A close below $1.950 would likely extend the decline toward $1.920 and lower.
– A sustained move above $2.020 could target $2.050–$2.120 and beyond.
XRP Price Dips Again
XRP attempted a recovery above $2.120 but reversed, mirroring weakness seen in Bitcoin and Ethereum. The pair dropped under $2.050 and $2.020, forming a low at $1.9525 before a partial retracement that cleared the 50% Fib of the recent fall (from $2.047 to $1.952). Bears remain active around $2.00–$2.020, and the hourly chart shows a bearish trend line with resistance at about $2.020. The price currently sits below the 100-hourly SMA.
Bullish scenario
A close above $2.020 would likely lift XRP toward $2.050, with subsequent hurdles at $2.080 and $2.120. Clearing $2.120 could open the path to $2.150, $2.20 and then $2.250.
Another Decline?
If XRP fails to break $2.020, downside support appears at $1.9650 and $1.950. A break and close below $1.950 could accelerate the drop to $1.920, with major support near $1.880 and further risk toward $1.820.
Technical Indicators
– Hourly MACD: gaining momentum in the bearish zone.
– Hourly RSI: below 50.
– Major supports: $1.950, $1.920.
– Major resistances: $2.020, $2.050.
