XRP price extended losses and traded below $1.3650. The price is now 
consolidating losses but faces hurdles near $1.3620 and $1.4120. XRP price 
started another decline and traded below the $1.350 zone. The price is now 
trading below $1.3650 and the 100-hourly Simple Moving Average. There is a key 
bearish trend line forming with resistance at $1.4250 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.450. XRP Price Extends Decline XRP price failed to 
stay above $1.40 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.380 and $1.3650 to enter a short-term bearish zone. 
The price even extended losses below $1.350. A low was formed at $1.330, and 
the price is now consolidating losses below the 23.6% Fib retracement level of 
the downward move from the $1.4641 swing high to the $1.3300 low. The price is 
now trading below $1.3650 and the 100-hourly Simple Moving Average. If there 
is a fresh recovery move, the price might face resistance near the $1.3620 
level. The first major resistance is near the $1.3810 level. The main 
resistance could be $1.4120 or the 61.8% Fib retracement level of the downward 
move from the $1.4641 swing high to the $1.3300 low. There is also a key 
bearish trend line forming with resistance at $1.4250 on the hourly chart of 
the XRP/USD pair. A close above $1.4250 could send the price to $1.450. The 
next hurdle sits at $1.4650. A clear move above the $1.4650 resistance might 
send the price toward the $1.50 resistance. Any more gains might send the 
price toward the $1.5250 resistance. The next major hurdle for the bulls might 
be near $1.550. More Losses? If XRP fails to clear the $1.4120 resistance 
zone, it could start a fresh decline. Initial support on the downside is near 
the $1.3320 level. The next major support is near the $1.3300 level. If there 
is a downside break and a close below the $1.3300 level, the price might 
continue to decline toward $1.3120. The next major support sits near the $1.30 
zone, below which the price could continue lower toward $1.2840. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $1.3320 and $1.3300. Major 
Resistance Levels – $1.3810 and $1.4120.

XRP Price Sinks Beneath Key Level, Traders Brace for Tough Recovery

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