Recently, the price of XRP (Ripple) has dropped below $2.080 and has begun a new round of decline, currently encountering resistance around $2.040, with a weak short-term trend.

The price has fallen below the support level of $2.050 and the 100-hour simple moving average. Technical charts show that a descending trend line has formed on the XRP/USD hourly chart, further limiting the price rebound potential. If bulls cannot break through the $2.040 resistance, short-term gains may be hindered.

The support level below is at $2.00, and if it breaks, this decline could continue to expand. In short, XRP is currently in a short-term downward trend, and investors should pay attention to the $2.040 resistance and $2.00 support, waiting for a clear direction before taking action.