XRP Price Revisits Support Range, Make-Or-Break Moment For Bulls

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Reason to trust How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price extended losses and traded below $1.440. The price is now consolidating losses and faces hurdles near $1.4375 and $1.4450. - XRP price started another decline and traded below the $1.440 zone. - The price is now trading below $1.4250 and the 100-hourly Simple Moving Average. - There was a break below a bullish trend line with support at $1.4240 on the hourly chart of the XRP/USD pair (data source from Kraken). - The pair could continue to move down if it stays below $1.440. XRP Price Dips Again XRP price failed to stay above $1.450 and extended its decline, underperforming Bitcoin and Ethereum. The price declined below $1.4420 and $1.440 to enter a short-term bearish zone. There was a break below a bullish trend line with support at $1.4240 on the hourly chart of the XRP/USD pair. The price even extended losses below $1.420. A low was formed at $1.4125, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $1.4625 swing high to the $1.4125 low. The price is now trading below $1.4350 and the 100-hourly Simple Moving Average. If there is a fresh recovery move, the price might face resistance near the $1.4240 level. The first major resistance is near the $1.4375 level or the 50% Fib retracement level of the downward move from the $1.4625 swing high to the $1.4125 low. The main resistance could be $1.4450. A close above $1.4450 could send the price to $1.4550. The next hurdle sits at $1.4620. A clear move above the $1.4620 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.5150 resistance. More Losses? If XRP fails to clear the $1.4375 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.4120 level. The next major support is near the $1.40 level. If there is a downside break and a close below the $1.40 level, the price might continue to decline toward $1.3840. The next major support sits near the $1.3650 zone, below which the price could continue lower toward $1.3440. 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 – $1.4120 and $1.4000. Major Resistance Levels – $1.4375 and $1.4550.

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