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XRP price started a fresh decline from $2. 350. The price is now showing bearish signs and might extend losses if it dips below $2. 150. XRP price started a fresh decline below the $2. 320 zone. The price is now trading below $2. 30 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2. 2550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2. 150. XRP Price Dips Again XRP price attempted a recovery wave above $2. 320 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2. 30 and $2. 250. There was a move below the $2. 20 pivot level. A low was formed at $2. 155, and the price is now consolidating losses with a bearish angle. There was a minor move above the 23. 6% Fib retracement level of the recent decline from the $2. 525 swing high to the $2. 155 low. The price is now trading below $2. 30 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2. 2550 level. There is also a short-term bearish trend line forming with resistance at $2. 2550 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2. 30 level, above which the price could rise and test $2. 350 or the 50% Fib retracement level of the recent decline from the $2. 525 swing high to the $2. 155 low. A clear move above the $2. 350 resistance might send the price toward the $2. 440 resistance. Any more gains might send the price toward the $2. 50 resistance. The next major hurdle for the bulls might be near $2. 550. Another Decline? If XRP fails to clear the $2. 350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2. 20 level. The next major support is near the $2. 150 level. If there is a downside break and a close below the $2. 150 level, the price might continue to decline toward $2. 050. The next major support sits near the $2. 020 zone, below which the price could continue lower toward $1. 880. Technical Indicators Hourly MACD The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for XRP/USD is now below the 50 level. Major Support Levels $2. 20 and $2. 150. Major Resistance Levels $2. 30 and $2. 350.