Ripple Price Analysis: XRP/USD Under Pressure Below $0.50

Key HighlightsRipple price is under a lot of pressure below the $0.5000 level against the US dollar.
Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to decline towards the $0.4300 and $0.4200 levels in the near term.Ripple price extended its slide against the US Dollar and Bitcoin. XRP/USD may drop further if buyers fail to keep the price above the $0.4500 le