#ChristmasMarketAnalysis XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone.

$XRP price struggled to clear the $2.40 resistance zone.

The price is now trading below $2.30 and the 100-hourly Simple Moving Average.

There is a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the $XRP /USD pair (data source from Kraken).

The pair might continue to move down if it stays below the $2.30 resistance.