XRP Price Bounce Looks Fragile, Fresh Decline Risks Begin Rising

XRP price started a recovery wave above $1.290 and $1.2950. The price is now consolidating and might aim for a fresh move if it clears $1.3350. XRP price started a recovery wave above the $1.30 zone. The price is now trading below $1.320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3350. XRP Price Faces Hurdles