Ripple Price (XRP) Could Underperform: Recovery Could Face Hurdles

Ripple price declined heavily below the $0.3800 and $0.3500 support levels against the US dollar.
The price even traded close to the $0.3000 support level and it is currently correcting higher.
There is a new breakout pattern forming with resistance near $0.3320 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could correct higher, but upsides are likely to remain capped near $0.3460.Ripple price is currently under a lot of pressure against the US Dollar and bitcoin.