XRP price fell below $2.10. The cryptocurrency now faces critical resistance near $2.050 while trading beneath its 100-hour simple moving average.
What Happened: Fresh Decline
XRP attempted a recovery above $2.120 but reversed course, dropping below $2.10 and $2.050 support levels.
The token fell below $2.00, reaching a low of $1.993 before consolidating below the 23.6% Fibonacci retracement level of its downward move from a $2.177 high.
A bearish trend line has formed with resistance at $2.050.
If XRP closes above $2.050, the price could climb to $2.085—the 50% Fibonacci retracement—and potentially reach $2.10, with further resistance at $2.150, $2.1850, and $2.220.
Initial downside support sits at $2.00, with a break below $1.9850 potentially pushing the price toward $1.920 and subsequent support levels at $1.880 and $1.820.
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Why It Matters: Technical Pressure
The hourly MACD indicator is gaining momentum in bearish territory.
The Relative Strength Index dropped below 50, signaling weakening momentum and potential for additional losses if XRP fails to reclaim the $2.050 resistance zone.
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