XRP Price Faces Uphill Battle: Struggles to Initiate Fresh Upside

XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120.XRP is struggling to gain pace for a move above the $0.5120 level.
The price is now trading below $0.5050 and the 100-hourly Simple Moving Average.
There is a short-term declining channel forming with resistance at $0.5040 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a decent increase if there is a close above the