XRP Price Facing Another Drop: Understanding The Key Drivers

XRP price started a recovery wave from the $0.4620 support. The price is now struggling to clear $0.4780 and might restart its decline.XRP price is attempting a recovery wave from the $0.4620 support zone.
The price is now trading below $0.4800 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $0.4770 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might face rejections near $0.4780 and $0.480.XRP Price Faces Resist