🚨XRP Price Turns Red: Can Bulls Stop the Slide?
XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase.
XRP price declined further below the $0.5850 zone.
The price is now trading below $0.580 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $0.5950 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could struggle to recover above the $0.5950 and $0.600 resistance levels.
