Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might drop further similar to bitcoin.
- Ripple faced a strong selling interest near the $0.55 zone against the US dollar.
- The price is now trading below $0.500 and the 100 simple moving average (4-hours).
- There was a break below a key bullish trend line with support near $0.4940 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair could decline heavily if there is a clear move below the $0.4650 support.
Ripple’s XRP Price Starts Decline
This past week, ripple’s XRP started a steady increase from the $0.4500 support zone. There
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