XRP price extended losses and traded below $1.40. The price is now 
consolidating losses and faces hurdles near $1.3650 and $1.3940. XRP price 
started another decline and traded below the $1.40 zone. The price is now 
trading below $1.3880 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.3720 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.40. XRP Price Dips Below $1.40 XRP price failed to 
stay above $1.4150 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.4050 and $1.40 to enter a short-term bearish zone. The 
price even extended losses below $1.380. A low was formed at $1.3464, and the 
price is now consolidating losses well below the 23.6% Fib retracement level 
of the downward move from the $1.5495 swing high to the $1.3464 low. The price 
is now trading below $1.3880 and the 100-hourly Simple Moving Average. If 
there is a fresh recovery move, the price might face resistance near the 
$1.3650 level. There is also a bearish trend line forming with resistance at 
$1.3720 on the hourly chart of the XRP/USD pair. The first major resistance is 
near the $1.380 level. The main resistance could be $1.3940. A close above 
$1.3940 could send the price to $1.40. The next hurdle sits at $1.4250 or the 
50% Fib retracement level of the downward move from the $1.5495 swing high to 
the $1.3464 low. A clear move above the $1.4250 resistance might send the 
price toward the $1.440 resistance. Any more gains might send the price toward 
the $1.450 resistance. More Losses? If XRP fails to clear the $1.40 resistance 
zone, it could start a fresh decline. Initial support on the downside is near 
the $1.3465 level. The next major support is near the $1.3350 level. If there 
is a downside break and a close below the $1.3350 level, the price might 
continue to decline toward $1.3220. The next major support sits near the 
$1.320 zone, below which the price could continue lower toward $1.3120. 
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 – $1.3465 and $1.3350. Major 
Resistance Levels – $1.3720 and $1.3940.

XRP price extended losses and traded below $1.40. The price is now consolidating losses and faces hurdles near $1.3650 and $1.3940. XRP price started another decline and traded below the $1.40 zone. The price is now trading below $1.3880 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

XRP Price Under Pressure Again, Traders Brace For More Weakness

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XRP Price Under Pressure Again, Traders Brace For More Weakness

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