XRP Price Rebound Stalls, New Downside Threats Start Building

XRP price started a decent increase above $1.420. The price is now correcting gains and might aim for more gains if it stays above the $1.40 zone. XRP price started a fresh increase above the $1.420 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.450. XRP Price Corrects Gains XRP price started a major upward move above $1.40 and $1.420, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.4350 resistance. The bulls even pumped the price above the $1.450 zone. There was a break above a bearish trend line with resistance at $1.420 on the hourly chart of the XRP/USD pair. A high was formed at $1.4650 and the price started a downside correction. There was a move below $1.450 and $1.4350. The price dipped below the 50% Fib retracement l