XRP Price Recovery Meets Strong Resistance, Upside Under Threat

XRP price started a recovery wave above $1.950 but failed near $2.00. The price is now showing a few bearish signs and might decline below $1.920. XRP price started a recovery wave above the $1.950 zone. The price is now trading below $2.00 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.00 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $1.920. XRP Price Faces Key Hurdle XRP price remained supported above $1.8650 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.90 and $1.920 to enter a short-term positive zone. There was also a move above the 50% Fib retracement level of the downward move from t...