Ripple Price Analysis: XRP/USD Nosedives, Turns Bearish Below $0.4600

Key HighlightsRipple price declined heavily and broke the $0.4860 and $0.4400 support levels against the US dollar.
There is a crucial bearish trend line formed with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is struggling to recover above the $0.4600 and $0.4700 resistance levels.Ripple price fell sharply below key levels against the US Dollar and Bitcoin. XRP/USD is correcting higher, but it remains sell on rallies near $0.4700.
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