XRP Price Bearish Continuation Confirmed As Downside Pressure Builds

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing 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 extended losses and traded below $1.880. The price is now consolidating and might decline further if it remains below $1.920. XRP price started a fresh decline below the $1.90 zone. The price is now trading below $1.90 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1.885 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.90. XRP Price Dips Further XRP price failed to stay above $1.950 and started a fresh decline, like Bitcoin and Ethereum . The price declined below $1.920 and $1.90 to enter a short-term bearish zone. The price even spiked below $1.850. A low was formed at $1.810, and the price is now consolidating losses. There was a recovery wave above $1.850. The price cleared the 23.6% Fib retracement level of the downward move from the $1.963 swing high to the $1.810 low, but the bears remained active. The price is now trading below $1.90 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.8850 level and the 50% Fib retracement level of the downward move from the $1.963 swing high to the $1.810 low. There is also a key bearish trend line forming with resistance at $1.885 on the hourly chart of the XRP/USD pair. Source: XRPUSD on TradingView.com The first major resistance is near the $1.90 level. A close above $1.90 could send the price to $1.950. The next hurdle sits at $2.00. A clear move above the $2.00 resistance might send the price toward the $2.050 resistance. Any more gains might send the price toward the $2.120 resistance. The next major hurdle for the bulls might be near $2.20. Downside Break? If XRP fails to clear the $1.90 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.840 level. The next major support is near the $1.820 level. If there is a downside break and a close below the $1.820 level, the price might continue to decline toward $1.780. The next major support sits near the $1.750 zone, below which the price could continue lower toward $1.70. 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 near the 50 level. Major Support Levels – $1.840 and $1.820. Major Resistance Levels – $1.8850 and $1.90.