XRP Price Continues Lower as Sellers Tighten Grip on Intraday Structure

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 Movin