XRP Price Under Pressure Again, Traders Brace For More Weakness

XRP price extended losses and traded below $1.40. The price is now consolidating losses and faces hurdles near $1.3650 and $1.3940. XRP price started another decline and traded below the $1.40 zone. The price is now trading below $1.3880 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.40. XRP Price Dips Below $1.40