XRP's price has extended recent losses, trading below the $1.4320 mark and consolidating in a short-term bearish zone. The cryptocurrency is now positioned below $1.450 and its 100-hourly Simple Moving Average. Initial recovery efforts face immediate resistance near $1.450, with a more significant hurdle at $1.4620. The primary resistance to clear for potential upward movement is the $1.480 level, where a declining channel currently exerts pressure. A decisive break above $1.480 could see XRP test the $1.50 mark.
Conversely, failure to overcome the $1.480 resistance could trigger a fresh downturn. Immediate support lies at $1.4165, followed by a crucial level at $1.4100. A breach below $1.4100 could pave the way for further declines toward $1.40 and potentially the $1.3850 zone. Technical indicators, including the hourly MACD and RSI, currently favor bearish sentiment, with the RSI remaining below the 50 level.