XRP Price Slips Back Into Danger Territory With Bears In Control

XRP price extended losses and traded below $1.320. The price is now consolidating losses and faces hurdles near $1.2880 and $1.30.

XRP price started another decline and traded below the $1.280 zone. The price is now trading below $1.280 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.30. XRP Price Dips Below $1.280

XRP price failed to stay above $1.320 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.3050 and $1.30 to enter a short-term bearish zone.

The price even extended losses below $1.2880. A low was formed at $1.2752, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.3642 swing