Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
XRP price started a fresh decline below $2.00. The price is now struggling and faces resistance near the $2.020 resistance level.
- XRP price started a fresh decline below the $2.00 zone.
- The price is now trading below $2.00 and the 100-hourly Simple Moving Average.
- There is a bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could continue to move down if it settles below $1.950.
XRP Price Dips Again
XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.050 and $2.020.
There was a move below the $2.00 support level. A low was formed at $1.9525, and the price recently started an upside correction. There was a move above the 50% Fib retracement level of the downward move from the $2.047 swing high to the $1.952 low.
However, the bears are active near $2.00 and $2.020. There is also a bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair. The price is now trading below $2.00 and the 100-hourly Simple Moving Average.
If there is a fresh upward move, the price might face resistance near the $2.00 level. The first major resistance is near the $2.020 level or the 61.8% Fib retracement level of the downward move from the $2.047 swing high to the $1.952 low.

A close above $2.020 could send the price to $2.050. The next hurdle sits at $2.080. A clear move above the $2.120 resistance might send the price toward the $2.150 resistance. Any more gains might send the price toward the $2.20 resistance. The next major hurdle for the bulls might be near $2.250.
Another Decline?
If XRP fails to clear the $2.020 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.9650 level. The next major support is near the $1.950 level.
If there is a downside break and a close below the $1.950 level, the price might continue to decline toward $1.920. The next major support sits near the $1.880 zone, below which the price could continue lower toward $1.820.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $1.950 and $1.920.
Major Resistance Levels – $2.020 and $2.050.