Ripple Price Analysis: Can XRP/USD Break $0.50?

Key HighlightsRipple price failed to recover and extended its decline towards the $0.50 level against the US dollar.
There is a major bearish trend line forming with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair must break the $0.53 resistance and move higher to avoid more losses in the near term.Ripple price was not able to recover yesterday against the US Dollar and Bitcoin. XRP/USD crashed and almost tested the $0.50 support zone.
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