Ripple price is currently trading below the $0.450 level against the US Dollar. XRP could face further declines if the price fails to move above the $0.450 resistance and key moving averages.

The current market sentiment suggests that Ripple price is likely to move lower if there is no major upside break above the $0.450 resistance zone. A major bearish trend line is in place with resistance near $0.440 on the 4-hour chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.4704 swing high to the $0.4100 low.

If the bulls are able to surpass the $0.450 resistance and the 55 simple moving average (4-hours), the price could start a fresh increase. The next major resistance is near the $0.4800 level. Further gains could lead the price towards the $0.500 resistance. Conversely, there is a risk of more losses below $0.4160 and $0.4100.

The 4 hours MACD and RSI are both showing bearish signs with no major upside momentum. Therefore, there is a risk of Ripple price facing a strong resistance near the $0.450 zone. If it fails to move above and stays below $0.450, there could be a sharp decline in the near term. The key supports are $0.4160, $0.4100 and $0.4000.

Ripple price is struggling to move back above the $0.450 resistance area. There is a major bearish trend line in place with resistance near $0.440, making it difficult for the bulls to push the price higher in the near term. To start a strong recovery, the bulls must push the price above the $0.450 and $0.480 resistance levels. If they fail, there is a risk of a sharp decline towards $0.400.



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