XRP price initiated a decline from the $0.5980 area, failing to clear the $0.60 resistance. It's trading below $0.5720 and the 100-hourly SMA, showing bearish momentum.
The break below a key bullish trend line at $0.5850 has exacerbated the decline. XRP could drop heavily if it closes below the $0.550 pivot level.
Technical indicators like the MACD and RSI are in bearish zones, pointing toward potential further downside to major support levels of $0.5550 and $0.5420.
