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BEARISH 📉 : XRP price struggles below $1.50 amid continued decline
XRP Price Analysis:
- XRP price declined below $1.50 and is currently consolidating losses.
- Trading above $1.50 and the 100-hourly Simple Moving Average, but faces resistance at $1.4920.
- A declining channel with resistance at $1.4920 is forming on the XRP/USD hourly chart.
Resistance and Support Levels
- Major resistance levels are at $1.50 and $1.550; closing above these could push the price to $1.5480 and potentially $1.650.
- If unable to break $1.50, a fresh decline could occur, with initial support at $1.4420 and major support at $1.4250.
- A fall below $1.4250 could lead to further declines toward $1.40 or even $1.350.
Technical Indicators
- Hourly MACD: Losing pace in the bearish zone.
- Hourly RSI: Currently above the 50 level, indicating some strength.

XRP's movement is contingent upon breaking key resistance levels or sustaining current support zones.