Ripple (XRP) Price Breaks Down: Can Bulls Protect $0.40?

Ripple price failed to hold the key $0.4400 support area and declined recently against the US dollar.
The price declined below the $0.4200 support area and even spiked below $0.4000.
There was a break below a major ascending channel with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently near $0.4120, but there is a risk of more losses in the near term.Ripple price failed to continue higher and declined sharply against the US Dollar and b