Ripple Price Analysis: XRP/USD Continues To Grind Lower

Key HighlightsRipple price declined steadily and broke the $0.3350 support area against the US dollar.
Yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely extend the current decline towards the $0.3260 and $0.3220 levels in the near term.Ripple price is trading lower against the US Dollar and Bitcoin. XRP/USD could drop further as long as the price is below the $0.3400 res