XRP (XRP) extended its decline below $1.88 on Monday, with technical indicators confirming bearish momentum as the cryptocurrency trades beneath its 100-hourly simple moving average amid broader weakness across digital asset markets.
What Happened: Token Falls to $1.81 Low
The token dropped from a swing high of $1.963 to a low of $1.810 as selling pressure intensified.
A key bearish trend line has formed with resistance at $1.885.
The price briefly recovered above $1.85, clearing the 23.6% Fibonacci retracement level of the recent downward move. Bears remained active, however, keeping XRP below the critical $1.90 threshold.
Major resistance levels now stand at $1.8850 and $1.90, while support sits at $1.840 and $1.820. A close below $1.820 could push the price toward $1.78 or lower.
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Why It Matters: Technical Signals Turn Negative
The hourly MACD is gaining pace in bearish territory, suggesting continued downside momentum.
The RSI hovers near 50, indicating neither oversold nor overbought conditions. This leaves room for further declines if sellers maintain control.
A break above $1.90 would be needed to shift sentiment, potentially opening a path toward $1.95 and $2.00. Failure to clear that resistance could trigger another leg down toward $1.75 or $1.70.
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