Ripple Price Analysis: XRP/USD Sellers In Control Below $0.5200

Key Highlights

Ripple price declined recently and tested the $0.5000 support area against the US dollar. There is a major bearish trend line in place with resistance at $0.5120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure below the $0.5120 and $0.5200 resistance levels.

Ripple price is struggling to gain bullish momentum against the US Dollar and Bitcoin. XRP/USD may continue to consolidate below $0.5200 for the next few sessions.

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Key Highlights [+]    Ripple [+]    XRP [+]    USD [+]    Kraken [+]    Dollar and Bitcoin [+]   

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