XRP Price Faces Further Weakness Amid Ongoing Decline

The price of XRP has been experiencing a downward trend, with the cryptocurrency trading below $1.420 and facing hurdles near $1.40 and $1.4350. This decline is evident in the bearish trend line forming on the hourly chart of the XRP/USD pair, with resistance at $1.3950.

Technical indicators also suggest a continued downward trend for XRP, with the MACD gaining pace in the bearish zone and the RSI remaining below 50. The major support levels for XRP are at $1.3650 and $1.3550, while the major resistance levels are at $1.4000 and $1.4080.

If XRP fails to clear the $1.4550 resistance zone, it could start a fresh decline, with initial support on the downside being near the $1.3650 level. The next major support is near the $1.350 level, below which the price could continue lower toward $1.3350 and potentially $1.3120.