XRP Price Dips: Another Setback or a Buying Opportunity?

XRP price again struggled to continue higher above the $0.5450 resistance. It is now moving lower and might test the $0.512 support zone.XRP is showing a few bearish signs from the $0.5420 zone.
The price is now trading below $0.5350 and the 100-hourly Simple Moving Average.
There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could gain bearish momentum if it stays below the $0.5420 resistance zone