BEARISH 📉 : XRP price extends decline below $1.520 amid resistance hurdles

XRP Price Analysis

XRP declined below the $1.550 zone and is currently consolidating losses.
The price is trading above $1.450 and the 100-hourly Simple Moving Average.
A short-term bullish trend line is forming with support at $1.4720 on the hourly chart of XRP/USD.
XRP faces resistance near $1.5150 and $1.520.

Current Situation

XRP failed to maintain levels above $1.60, dropping below $1.550 and $1.520, entering a bearish zone similar to Bitcoin and Ethereum. The lowest point was $1.4437, with a minor recovery moving above the 23.6% Fib retracement level from $1.6713 to $1.4437.

XRP Price

Resistance levels are observed at $1.520, with potential targets at $1.550 and $1.5840 if surpassed. Further gains could lead to $1.620 and $1.650.

Potential Downside

If XRP fails to clear $1.520, it may decline further.
Support levels are at $1.460 and $1.440; a break below $1.440 may lead to $1.380 or lower toward $1.3250.

Technical Indicators

MACD: Losing momentum in the bearish zone.
RSI: Below the 50 level.
Major Support Levels: $1.470 and $1.440.
Major Resistance Levels: $1.520 and $1.550.