XRP Price Turns Soft, Red Signals Renewed Bearish Pressure

What: XRP price extended losses and traded below $1.40, now consolidating losses.
Why: Renewed bearish pressure is evident due to hurdles near $1.3750 and $1.40.
Signal: The price is trading below the $1.3880 and the 100-hourly Simple Moving Average, indicating a bearish trend.
Target: The next key resistance lies near $1.40, a crucial level for a potential price rebound.
Risk: A failure to break above $1.40 may lead to further price declines, increasing the risk of a prolonged bearish trend.