Ripple Price Analysis: XRP/USD Under Pressure Below $0.5200

Key HighlightsRipple price declined recently and broke the $0.5200 support zone against the US dollar.
There is a major bearish trend line in place with resistance at $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair may struggle to move back above the $0.5200 resistance and the 100 hourly simple moving average.Ripple price failed to hold gains against the US Dollar and Bitcoin. XRP/USD may slide further towards the $0.4790 support level in the near term.
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