XRP Price Stuck Under $2.00 As Markets Brace For Another Slide

XRP's price failed to break above $2.00, initiating a downward correction. It is currently trading near $1.890 and struggling to remain above the $1.860 support level. The price has dipped below key Fib retracement levels, with bulls active around $1.880. A declining channel or bullish flag pattern is forming on the hourly chart. Resistance is expected at $1.920 and then more significantly at $1.950. A move above $1.950 could lead to a test of $2.00, with further upside potential towards $2.150. Failure to overcome the $1.950 resistance could trigger another decline. Immediate downside support is at $1.880, followed by $1.860. A break below $1.860 could send XRP towards $1.8320 and then the $1.80 zone. Technical indicators like the hourly MACD are in the bearish zone, and the RSI is below 50.