XRP price started a downside correction below the $1.3420 zone. The price is 
now showing bearish signs and might decline further below $1.3150. XRP price 
started a downside correction after it failed to stay above the $1.3450 zone. 
The price is now trading above $1.3150 and the 100-hourly Simple Moving 
Average. There is a declining channel forming with resistance at $1.3380 on 
the hourly chart of the XRP/USD pair (data source from Kraken). The pair could 
continue to move down if it stays below $1.3420. XRP Price Dips Below Support 
XRP price struggled to stay above $1.3520 and started a fresh decline, like 
Bitcoin and Ethereum. The price dipped below the $1.350 and $1.3450 levels. 
The price declined below $1.3420. There was a clear move below the 38.2% Fib 
retracement level of the upward move from the $1.2658 swing low to the $1.3642 
high. Besides, there is a declining channel forming with resistance at $1.3380 
on the hourly chart of the XRP/USD pair. The price is now trading above 
$1.3150 and the 100-hourly Simple Moving Average. If there is a fresh upward 
move, the price might face resistance near the $1.3380 level. The first major 
resistance is near the $1.3420 level, above which the price could rise and 
test $1.350. A clear move above the $1.350 resistance might send the price 
toward the $1.3580 resistance and the trend line. Any more gains might send 
the price toward the $1.3650 resistance. The next major hurdle for the bulls 
might be near $1.3740. More Downside? If XRP fails to clear the $1.3380 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.320 level. The next major support is near the $1.3150 
level and the 50% Fib retracement level of the upward move from the $1.2658 
swing low to the $1.3642 high. If there is a downside break and a close below 
the $1.3150 level, the price might continue to decline toward $1.3120. The 
next major support sits near the $1.3050 zone, below which the price could 
continue lower toward $1.2920. Any more losses might call for a test of 
$1.2880. 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 – $1.3200 and 
$1.3150. Major Resistance Levels – $1.3380 and $1.3500.

XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150. XRP price started a downside correction after it failed to stay above the $1.3450 zone. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. There is a declining &#8230;

XRP Price Loses Ground As Bearish Pressure Quietly Builds

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XRP Price Loses Ground As Bearish Pressure Quietly Builds

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