Ripple Price Technical Analysis – XRP/USD Could Retest $0.5000

Key HighlightsRipple price failed to move higher and it recently traded below $0.6000 against the US dollar.
There is a crucial bearish trend line forming with resistance at $0.6200 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
The pair is likely to extend the current decline towards the next support at $0.5000.Ripple price is struggling a lot against the US Dollar and Bitcoin. XRP/USD could continue to move down and it may retest the $0.5000 support area in the near term.