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.