XRP (CRYPTO:XRP) price plunged 15%, falling below the $0.400 support zone, and is now consolidating losses.

The price is currently trading under $0.4250 and the 100-hourly Simple Moving Average, indicating significant bearish momentum.

Despite a slight recovery wave above $0.3920, XRP faces resistance at $0.4050 and $0.4150, with a key bearish trend line forming resistance at $0.4150.

If XRP fails to break above these levels, further declines toward $0.3850 and possibly $0.3620 are likely.

The technical indicators, including the MACD and RSI, signal continued bearish pressure.

Recovery above the $0.4150 resistance could push the price toward $0.4380 and $0.4450, though gains beyond this point seem limited.