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

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 conso...