XRP Prices Show Signs of Recovery, Indicating Potential Bullish Accumulation

XRP prices have experienced a slight recovery after declining below the $2.00 mark. As of now, the cryptocurrency is rebounding from $1.820, with resistance anticipated near the $2.150 pivot level. After dropping to a low of $1.8177, XRP is making strides to recover, trading above $2.00 and surpassing the 100-hourly Simple Moving Average. A critical break above the bearish trend line at $2.00 on the XRP/USD hourly chart bodes well for future movements, contingent on a solid close above $2.150. In a broader market context, XRP followed Bitcoin and Ethereum's lead, initially dropping below $1.90 before buyers intervened. With the bulls pushing the price past the 50% Fibonacci retracement level of the recent decline, a potential rise may face hurdles at $2.120 and $2.150, with the possibility of further gains if those levels are surpassed. However, should XRP fail to break through the $2.150 resistance, it may face new declines, with initial support around $2.00 and significant support near $1.980. Current indicators suggest bullish momentum is building, as reflected in the hourly MACD and RSI metrics.