XRP has initiated a recovery after dropping to $1.90. The cryptocurrency is consolidating while struggling against the $2.10 resistance zone.

The digital asset began declining after failing to break through the $2.250 resistance. Technical indicators show XRP now trades below $2.20 and the 100-hourly Simple Moving Average.

Analysts have identified a bearish trend line with resistance at $2.06 on XRP/USD's hourly chart, according to data from Kraken. The cryptocurrency might continue upward movement if it clears the $2.10 resistance.

XRP's recent decline pushed prices below several key support levels. After failing to clear $2.250, similar to Bitcoin and Ethereum's performance, XRP fell below $2.10 and $2.050 supports.

Bears drove the price below the psychological $2.00 mark. A low formed at $1.90, and the cryptocurrency is now attempting recovery. The price subsequently moved above the $1.950 and $1.980 resistance levels.

XRP surpassed the 23.6% Fibonacci retracement level of the downward move from the $2.260 swing high to the $1.90 low. The cryptocurrency faces immediate resistance near $2.060. The bearish trend line forming with resistance at $2.06 remains a key technical barrier.

The first major resistance sits near $2.080, coinciding with the 50% Fibonacci retracement level of the recent downward move. Beyond that, $2.120 presents the next challenge. A decisive move above $2.120 could propel XRP toward $2.1750 resistance.

Further gains might target the $2.20 or even $2.250 level in the near term. The most significant hurdle for bulls remains at $2.450.

Failure to clear the $2.080 resistance could trigger another decline. Initial support sits at the $1.950 level, with major support at $1.90. A break and close below $1.850 might extend the decline toward $1.80 support.

Technical indicators show mixed signals. The MACD for XRP/USD is losing momentum in the bearish zone. The Relative Strength Index (RSI) remains below the 50 level.