XRP Price Turns Soft, Red Signals Renewed Bearish Pressure

XRP price extended losses and traded below $1.40. The price is now consolidating losses but faces hurdles near $1.3750 and $1.40. XRP price started another decline and traded below the $1.40 zone. The price is now trading below $1.3880 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.40. XRP Price Extends Losses XRP price failed to stay above $1.4120 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.40 and $1.3880 to enter a short-term bearish zone. The price even extended losses below $1.3750. A low was formed at $1.3358, and the price is now consolidating losses below the 38.2% Fib retracement level of the downward move from the $1.4372 swing high to the $1.3358 low. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. If there is a fresh recovery