XRP (XRP) attempted a recovery wave above the $1.950 zone but encountered firm resistance near the $2.00 level, with technical indicators now showing bearish signals including a trend line formation on the hourly chart that suggests further downside risk if the $1.920 support fails to hold.
What Happened: Recovery Stalls at Key Level
The token found support above $1.8650 and climbed past $1.90 and $1.920.
It briefly spiked above $1.980, moving past the 50% Fibonacci retracement level of the decline from the $2.028 swing high to the $1.868 low, before sellers stepped in and pushed prices back below the 100-hourly Simple Moving Average.
The asset now trades below $2.00. A bearish trend line has formed with resistance at that level on the hourly XRP/USD chart.
Also Read: Ethereum Reserves Hit 10-Year Low Across Exchanges As Price Falls Below $3K
Why It Matters: Breakdown Risk Looms
The hourly MACD is losing momentum in the bullish zone while the RSI remains above 50, creating a mixed technical picture.
If XRP clears $2.00, the next targets sit at $2.0650, $2.10, $2.150, $2.20, and $2.250. A failure to break resistance could trigger a fresh decline toward $1.90 and potentially $1.8650 or $1.820, with $1.750 as the next major support below that.
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