XRP Price Turns Red Again: What’s Next for the Crypto?

XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA.XRP struggled near the $0.5570 zone and trimmed gains.
The price is now trading below $0.5350 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair must stay above the 100-hourly SMA to avoid a sharp decl