Ripple Price Technical Analysis – Can XRP/USD Recover above $0.2060?

Key Highlights
Ripple price declined recently and moved below the $0.2060 support area against the US Dollar.
There are two bearish trend lines forming with resistance at $0.2030 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is currently correcting higher, but it is facing many resistances near $0.2060.
Ripple price declined recently against the US Dollar and Bitcoin. XRP/USD is now below $0.2060 and struggling to recover in the short term.
Ripple Price Resistance