XRP Faces Resistance Near $1.95 — Risk of Decline Below $1.90 if Bulls Fail

XRP has started a steady upward move above the $1.90 zone but is encountering clear resistance as it attempts to break past the $1.950 threshold. The pair has climbed above the 100-hour Simple Moving Average and currently trades around $1.91–$1.94, forming a declining channel/flag pattern on the hourly chart.

The recent rally saw XRP clear short-term barriers near $1.88 and $1.90, echoing bullish momentum observed in Bitcoin and Ethereum. Bulls even pushed the price above the $1.9420 area, printing a high at $1.9578 before a corrective pullback. The initial correction retreated below the 23.6% Fibonacci retracement of the swing from $1.770 to $1.9578, but price remains supported above $1.90 and the 100-hour SMA.

Immediate technical structure shows a flag/descending channel with resistance near $1.940 on the hourly timeframe. A decisive hourly close above $1.9550 could rekindle upside momentum and open the path to test $2.00. A strong breakout above $2.00 may target subsequent resistance floors at $2.05, $2.12 and ultimately near $2.15 if buying pressure intensifies.

However, failure to clear the $1.9550 area can trigger a fresh downside leg. Key immediate support sits at $1.90, followed by the 50% Fib level around $1.8650. A sustained break and hourly close below $1.8650 would expose lower supports at $1.8420 and the broader $1.80 zone, with a potential extension toward $1.7750 on increased selling pressure.

Technical indicators on the hourly chart are mixed: the MACD is losing bullish momentum while the RSI hovers near the neutral 50 level, suggesting indecision and the possibility of directional continuation once price resolves the flag pattern. Traders should watch volume and whether the market can sustain a move above $1.9550 for confirmation of trend continuation.

Scenarios to monitor:

Bull case: XRP breaks and closes above $1.9550, then clears $2.00, opening a run toward $2.05–$2.15. Confirmation requires rising hourly volume and improving MACD/RSi readings.

Bear case: XRP fails at $1.9550 and declines below $1.90 and $1.8650, targeting $1.8420 and the $1.80 region; weakness below $1.7750 would signal a deeper pullback.

Note that price data referenced is based on Company Kraken hourly feeds and should be cross-checked with your preferred exchange. Risk management remains essential: set stops and size positions for acceptable risk given the proximity of major support and resistance levels.

Editorial takeaway: XRP’s short-term fate hinges on surpassing the $1.9550 resistance. A breakout increases the odds of a return to $2.00 and beyond, while rejection near current resistance favors a measured pullback to the $1.8650–$1.80 area. Traders and analysts should follow the hourly close behavior, volume, and momentum indicators before committing to directional trades.