XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?

XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?


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.

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The price even spiked

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