Ripple (XRP) Price Bearish Bias Intact Despite 5% Rally
Ripple price is currently correcting from the new monthly low of $0.2005 against the US dollar.
The price might correct further higher, but the $0.2270 resistance is a crucial hurdle for buyers.
There is a major bearish trend line forming with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is likely to resume its decline if it fails to climb above $0.2250 and $0.2270.Ripple price is trading with a short term positive bias against the US Doll
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