Ripple Price (XRP) Could Extend Losses, Bitcoin Settles Below $10K

Ripple price struggled to recover above the $0.3250 resistance and extended losses against the US dollar.
The price traded below the $0.3100 support and traded close to the $0.3025 level.
There is a significant declining channel forming with resistance near $0.3120 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price remains at a risk of more losses and it could even test the $0.2960 support level.Ripple price is gaining bearish momentum against the US Dollar and bitcoin