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>>XRP’s price momentum is weakening, and traders are preparing for further declines.

XRP’s price momentum is weakening, and traders are preparing for further declines.

crypthub

7 days ago

Current Price Action and Bearish Trend

XRP's price has extended losses, trading below critical levels like $1.420. The asset is consolidating in a bearish zone, forming a bearish trend line. Resistance points are noted at $1.3950, suggesting continued downward pressure.

Key Technical Resistance and Support

Initial major resistance is found near the $1.40 level, with a potential break leading towards $1.4350. Significant hurdles exist at $1.4550 and $1.50. Conversely, major support levels are marked at $1.3650 and $1.350.

Technical Indicators and Future Movement

The MACD for XRP/USD is currently progressing within the bearish zone. The RSI remains below the 50 level, confirming bearish momentum. Further declines might target $1.3350 or $1.3120 if key supports fail.