Ripple (XRP) Price Drops Significantly, Next Leg Underway?

Ripple price declined further below the $0.3040 and $0.3000 support levels against the US dollar. The price remained in a bearish zone below $0.3200 as discussed in yesterday’s analysis. There is a major bearish trend line in place with resistance at $0.3060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct higher in the short term, but it is likely to decline further towards $0.2850.

Ripple price extended losses and broke key supports against the...

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