XRP Bears In Control: Understanding the Sustained Bearish Sentiment

XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the bears might aim for a move toward $0.4550.XRP price faced another rejection near the $0.4880 resistance zone.
The price is now trading below $0.4850 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $0.4810 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could extend losses if there is a close below the $0.4720