Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050

Key HighlightsRipple price declined heavily and broke the $0.5200 and $0.5050 support levels against the US dollar.
This is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair remains in a bearish zone as long as there is no close above $0.4950 and $0.5050.Ripple price trimmed most of its gains against the US Dollar and Bitcoin. XRP/USD is likely to decline further unless buyers push the price above $0.5050.
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