XRP Price Extends Dip, Are Deeper Losses Now on the Table?

XRP price extended losses and traded below $1.420. The price is now consolidating losses but faces hurdles near $1.4150 and $1.420. XRP price started another decline and traded below the $1.40 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $1.4120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.420. XRP Price Extends Losses XRP price failed to stay above $1.4350 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.420 and $1.40 to enter a short-term bearish zone. The price even extended losses below $1.3850. A low was formed at $1.3713, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $1.4820 swing high to the $1.3713 low. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. If there is a fresh rec