Ripple Price Analysis: XRP/USD Under Bearish Pressure

Key HighlightsRipple price failed to move above the $0.6250 resistance level and declined against the US dollar.
There is a major bearish trend line formed with resistance at $0.6120 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to decline further towards a major support level near $0.5780.Ripple price is clearly under pressure against the US Dollar and Bitcoin. XRP/USD may well accelerate declines below $0.6000 in the near term.
Ripple Price Resistances
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