XRP price started a fresh decline below the $2.150 zone. The price is now consolidating above $2.00 and facing hurdles near the $2.120 zone.
XRP price started a downside correction from the $2.250 resistance zone.
The price is now trading below $2.10 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $2.130 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might extend losses if there is a close below the $2.00 support zone.
XRP Price Faces Resistance
XRP price started a downside correction from the $2.250 zone, like Bitcoin and Ethereum. The price traded below the $2.150 and $2.120 levels to enter a bearish zone.
The price even spiked below $2.050 but stayed above $2.00. A low was formed at $2.036 and the price is now consolidating losses. There was a recovery wave above the $2.10 level. The price spiked above the 50% Fib retracement level of the downward move from the $2.184 swing high to the
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