Ripple Price Analysis: XRP/USD Testing Key Support

Key HighlightsRipple price made a nice upside move before facing sellers near $0.5245 against the US dollar.
There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently trading near a major support zone at $0.4750 and the 100 hourly simple moving average.Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD must hold the $0.4750 support to bounce back in the near term.