Ripple Price Analysis: XRP/USD Recoveries Could Be Capped

Key HighlightsRipple price extended its decline and traded towards the $0.5400 level against the US dollar.
Yesterday’s highlighted important bearish trend line with current resistance at $0.6050 is still in place on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair may correct a few points in the short term, but upsides could be capped by $0.5800 and $0.6000.Ripple price is in a downtrend against the US Dollar and Bitcoin. Any recoveries and corrections in XRP/USD a