BEARISH 📉 : XRP price continues decline, struggles to overcome resistance

The XRP price is experiencing extended losses, trading below $1.4320 and consolidating in a bearish zone.

XRP dropped below the $1.450 mark and is under the 100-hourly Simple Moving Average.
A declining channel with resistance at $1.480 is forming on the hourly chart of the XRP/USD pair.
If the price remains below $1.50, further declines are likely.

Current Price Movement

The price fell below critical levels of $1.4650 and $1.450, reaching a low of $1.4102. A minor upward correction was noted, but resistance is expected at $1.450.

First major resistance is near $1.4620, with main resistance at $1.480.
A close above $1.480 could drive the price towards $1.50.

XRP Price

Further hurdles exist at $1.5250 and possibly up to $1.5880 if surpassed. However, significant resistance lies around $1.60.

Potential for More Losses

Failure to overcome $1.480 may lead to a new decline.
Initial support is at $1.4165, with major support at $1.410.
A breach below $1.410 could push prices toward $1.40 or lower.

Technical Indicators:

Hourly MACD indicates momentum in the bearish zone.
Hourly RSI is below 50, indicating weakness.
Major supports: $1.4165, $1.4100; Major resistances: $1.4500, $1.4800.