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BEARISH 📉 : XRP price falls below $1.35, extends losses further
XRP Price Update
- XRP price dropped below $1.350, continuing its decline.
- Currently, XRP is trading under the 100-hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $1.4250 on the hourly chart.
- The price may continue to fall if it remains below the $1.40 level.
Resistance and Support Levels
- Immediate resistance levels are at $1.3650 and $1.3750.
- Main resistance is expected at $1.40; a breakthrough could lead to $1.4250.
- Further resistance levels include $1.4450, $1.4840, and potentially $1.50.
- If the price fails to rise above $1.3750, support levels lie at $1.3275 and $1.3200.
- A break below $1.3200 might push the price towards $1.3050 or even $1.2840.
Technical Indicators
- The MACD for XRP/USD is gaining momentum in the bearish zone.
- The RSI for XRP/USD is below 50, indicating potential further declines.
